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Democrats’ climate change/anti-inflation bill that the Senate passed over the weekend includes a drug pricing plan. In particular, the legislation would give Medicare the ability to negotiate drug prices.A group of Republican physicians wrote a letter to Senate Majority Leader Charles Schumer (D-NY) and Speaker Nancy Pelosi (D-CA) describing their ‘strong opposition to the government drug price control policies in [their] reconciliation package.”
The members of the GOP Doctors Caucus argued that the pricing reform would jeopardize patient access to care, and force many physician practices to close their doors.
The $740 billion bill includes $288 billion of funding for the drug pricing plan.
The Drug Price Negotiation Program would go into effect in 2023.
A total of 10 drugs would be covered beginning in 2026. The number …