House pass­es his­toric drug pric­ing re­forms, lin­ing up decades-in-the-mak­ing win for Biden and De­moc­rats

The US House of Rep­re­sen­ta­tives to­day vot­ed along par­ty lines (all Dems vot­ed for it), 220-207 to pass new, wide-rang­ing leg­is­la­tion that will al­low Medicare drug price ne­go­ti­a­tions for the first time ever, and cap se­niors’ drug ex­pens­es to $2,000 per year and se­niors’ in­sulin costs at $35 per month.

Set­ting up a ma­jor vic­to­ry for Pres­i­dent Joe Biden, rep­re­sen­ta­tives re­turned from their sum­mer re­cess to pass the In­fla­tion Re­duc­tion Act, even as many not­ed the bill would on­ly mod­est­ly re­duce in­fla­tion.

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