{"id":140487,"date":"2019-12-13T22:30:30","date_gmt":"2019-12-13T22:30:30","guid":{"rendered":"https:\/\/www.bnreport.com\/house-passes-bill-aimed-at-lowering-drug-prices\/"},"modified":"2019-12-13T22:30:30","modified_gmt":"2019-12-13T22:30:30","slug":"house-passes-bill-aimed-at-lowering-drug-prices","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/house-passes-bill-aimed-at-lowering-drug-prices\/","title":{"rendered":"House Passes Bill Aimed at Lowering Drug Prices"},"content":{"rendered":"<p>The House of Representatives on Dec. 12 passed a sweeping bill aimed at lowering drug prices by requiring negotiations for the prices of certain drugs.<\/p>\n<p>\u201cWith this legislation, Democrats are fulfilling our pledge to the American people in passing legislation that will bring down prescription drug costs for the people,\u201d House Majority Leader Steny Hoyer (D-Md.) said on the House floor in Washington.<\/p>\n<p>Rep. Anna Eshoo (D-Calif.) was among the representatives urging their colleagues to vote for the bill, saying before the vote, \u201cI have fought for years to include these critical services in my Seniors Have Eyes, Ears, and Teeth Act, and most importantly, giving our older adults the gift of hearing, vision, and oral health would go a long way to helping them enjoy their golden years, free from depression and social isolation.\u201d<\/p>\n<p>\u201cIts time to recognize that total health care for our seniors must include adequate access to vision, hearing, and dental services,\u201d she added.<\/p>\n<p>The House voted <a href=\"http:\/\/clerk.house.gov\/evs\/2019\/roll682.xml\" rel=\"noreferrer noopener\" target=\"_blank\">228-191<\/a> to approve <a href=\"https:\/\/congress.gov\/bill\/116th-congress\/house-bill\/3\" rel=\"noreferrer noopener\" target=\"_blank\">the bill<\/a>, the Elijah Cummings Lower Drug Prices Now Act. The bill would lower federal spending by about $456 billion over a decade, <a href=\"https:\/\/www.grassley.senate.gov\/news\/news-releases\/grassley-wyden-introduce-major-prescription-drug-pricing-reform-lower-costs\" rel=\"noreferrer noopener\" target=\"_blank\">according to<\/a> the Congressional Budget Office.<\/p>\n<p>All Democrats who voted approved the legislation along with two Republicans\u2014Reps. Brian Fitzpatrick (R-Pa.) and Jaime Herrera Beutler (R-Wash.); 191 Republicans opposed it. Eight members of Congress missed the vote, including Democratic presidential candidate Rep. Tulsi Gabbard (D-Hawaii) and Rep. Ted Lieu (D-Calif.), whose office said he is recovering from emergency surgery.<\/p>\n<p>The bill will \u201clower the cost of healthcare by lowering the cost of prescription drugs,\u201d House Speaker Nancy Pelosi (D-Calif.) said at a press conference shortly after the House voted to approve the bill.<\/p>\n<p>\u201cIve seen grown men cry on the campaign trail because they cannot meet the prescription drug costs, whether they have a spouse who is ill or a child who has a preexisting condition, whatever it is. This will make all the difference in the world, and central to it is the power to negotiate.\u201d<\/p>\n<figure><a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2019\/12\/12\/prescription-drug-1200x800.jpg\" rel=\"noreferrer noopener\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.theepochtimes.com\/assets\/themes\/eet\/images\/white.png\" \/><figcaption><img decoding=\"async\" src=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2019\/12\/12\/prescription-drug-1200x800.jpg\" \/><\/figcaption><\/a> An illustration image shows tablets of a prescription drug. (Eric Baradat\/\/AFP via Getty Images)<\/figure>\n<p>Read More \u2013 Source<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The House of Representatives on Dec. 12 passed a sweeping bill aimed at lowering drug prices by requ..<\/p>\n","protected":false},"author":1,"featured_media":140488,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-140487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>House Passes Bill Aimed at Lowering Drug Prices - Business News Report<\/title>\n<meta name=\"description\" content=\"The House of Representatives on Dec. 12 passed a sweeping bill aimed at lowering drug prices by requ..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/house-passes-bill-aimed-at-lowering-drug-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House Passes Bill Aimed at Lowering Drug Prices - 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