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It’s a collection of measures meant to bring down prices slowly and on targeted drugs, and pharma is already complaining. Big Pharma remains the cash king. 12 of the 16 most profitable companies in Q2 were pharmaceutical firms. SUMMARY: The new, proposed, drug legislation is a first step rather than a sweeping change.
Using a special process called budget reconciliation, the bill can be passed with just 50 votes plus a tiebreaker vote by Vice President Kamala Harris, which means Republican cooperation is not required. “That’s not negotiation, it’s government price setting.
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