McConnell vowed to block prescription drug plan that would save $345 billion

[Yo_Mama_Been_Loggin]

Senate Majority Leader Mitch McConnell promised last month that he would block a drug pricing plan introduced in the House, calling it a "socialist" program that would do "damage to the healthcare system."

Now, new analysis by the non-partisan Congressional Budget Office has found that drug plan, put forward by House Speaker Nancy Pelosi, would in fact save Medicare $345 billion over a decade.

The bulk of this savings would come from allowing the program to negotiate lower prices with pharmaceutical companies — something that is currently banned by law — to save money on the insulin and other expensive medications.

Pelosi unveiled the House Democratic plan, called the Lower Drug Costs Now Act, last month. She said the bill would be "transformative" in lowering the cost of prescription drugs.

https://shareblue.com/mitch-mcconnell-nancy-pelosi-medicare-prescription-drug-pricing-plan-345-billion-congress/

[guillaumeb]

1. How much does McConnell receive from Big Pharma?

Voting matters, especially in Kentucky.

[mucifer]

2. I think he gets paid directly from satan

[polichick]

3. A lot...

https://www.usatoday.com/story/news/politics/2019/08/26/pharma-industry-ups-donations-senate-republicans-mcconnell/2116231001/

(And it ain’t just one party.)

[guillaumeb]

4. Thank you for the link.

From the link:

McConnell one of the beneficiaries
Congressional leaders, who also help fund the campaigns of party members, are a common target of pharmaceutical industry contributions. And with Republicans controlling what legislation comes up in the Senate, Majority Leader Mitch McConnell, also running for reelection, has seen an uptick in donations: He received more than $85,000 during the first half of the year, a record for him over the course of the past eight years.