Moderate Democrats Introduce Rival Drug Pricing Plan, Imperiling Pelosi-Backed Proposal

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A group of five moderate Democrats on Tuesday unveiled a new bill to slash drug costs, signaling their party may be unable to muster enough votes to pass a larger drug pricing proposal.

The larger plan is backed by House Speaker Nancy Pelosi (D-Calif.) and President Joe Biden. It is part of of congressional Democrats $3.5 trillion budget package. It includes letting Medicare negotiate drug prices.

But Democrats can only afford so many defections, clinging to an eight-member majority in the lower chamber. And the new bill is seen by some as a direct challenge to the larger plan, which is being marked up by the House Energy and Commerce Committee.

Rep. Kathleen Rice (D-N.Y.), one of the sponsors of the new bill, a member of the panel, and a critic of Pelosi in the past, indicated as much, telling news outlets in a statement, โ€œI support many of the proposals being considered this week, but I do not support advancing policies that are not fiscally responsible and jeopardize the billโ€™s final passage.โ€

โ€œWe need to be serious about how to address this issue by ensuring we champion legislation with broadly supported policies that have the bipartisan, bicameral backing needed to pass Congress,โ€ Rep. Kurt Schrader (D-Ore.) added. โ€œI do not believe the drug pricing provision before the Energy and Commerce Committee today will meet this goal and succeed in the Senate, so I cannot vote in favor of the title.โ€

The bill (pdf) would let Medicare negotiate drug prices, but only for a subset of drugs that no longer have competition because they lack exclusivity. It would also limit price increases on some drugs and eliminate loopholes in law dealing with pricing.

โ€œNobody should have to choose between putting food on the table and filling a prescription. Our plan will drastically lower out-of-pocket drug costs for consumers, as Democrats have promised, while we preserve American jobs and investment in future innovation,โ€ Rep. Scott Peters (D-Calif.) said in a statement.

Reps. Stephanie Murphy (D-Fla.) and Lou Correa (D-Calif.) also sponsored the new bill.

Byย Zachary Stieber

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To amend titles XI, XVIII, and XIX of the Social Security Act to lower prescription drug prices in the Medicare and Medicaid programs PDF

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