Golden And Pingree Support Bill Aimed At Lowering Prescription Drug Prices
On a mostly party-line vote, the U.S. House of Representatives Thursday passed a bill aimed at lowering prescription drug prices.
Second District Congressman Jared Golden supported the measure.
“The government would be negotiating lower prices for the, currently, most expensive 250 drugs," he says.
The prices for drugs would also be capped and limited to the rate of inflation. Those lower prices would apply to consumers with private insurance, in addition to those on Medicare. If a drug company refused to negotiate, it would be hit with a tax up to 95 percent of the revenue for the drug. Democratic Congresswoman Chellie Pingree also voted for the bill.
But it faces opposition in the Senate from Majority Leader Mitch McConnell.