Senator Mitch McConnell (R-KY), the Senate Minority Leader, during a Senate Republican leadership press conference, at the U.S. Capitol, in Washington, D.C., on Tuesday, March 23, 2021, amid the coronavirus pandemic. After two mass shootings in less than a week, the Senate Judiciary Committee heard testimony on gun violence as more Biden officials are confirmed by the Senate. (Graeme Sloan/Sipa USA)No Use Germany.
The CBO has found that the Democratic plan that would allow Medicare to negotiate prescription drug prices would save the country $287 billion.
The CBO scored the Senate Democratic plan to allow Medicare to negotiate prescription drug prices and found:
CBO estimates that enacting this legislation would result in a net decrease in the unified deficit totaling $287.6 billion over the 2022-2031 period. That decrease in the deficit would result from a decrease in direct spending of $249.2 billion and an increase in revenues of $38.4 billion.
Some of those budgetary effects are associated with programs that are classified as off-budget. The decrease in the on-budget deficit over that period would be $276.7 billion.
McConnell and Senate Republicans don’t want people to pay less for their medicine, as they will force Democrats to pass the legislation through reconciliation instead of supporting it as a bipartisan bill.
Sen. McConnell is seeing his chances of becoming Senate majority leader again decline through a combination of a post-Roe changing electoral landscape, bad Republican candidates, and unpopular choices like refusing to support lowering prescription drug prices.
McConnell is giving Democrats another issue to run on this fall.
The Senate Republican refusal to support prescription drug reform has given Democrats a powerful example of how McConnell and Senate Republicans will put the American people last if put back into power.
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