Bill could lower drug prices to help expand Medicare subsidies
Legislation to allow the federal government to negotiate down the prices of prescription drugs continued to advance toward a vote by the full U.S. House of Representatives, and its projected savings will help pay for another measure making it easier for seniors to qualify for low-income Medicare subsidies. The latter bill, known as the Helping Seniors Afford Health Care Act, was penned by New Jersey Rep. Andy Kim, D-3 of Burlington County, and fellow Democrats Dwight Evans, of Pennsylvania, and Lisa Blunt Rochester, of Delaware. It was introduced by the three lawmakers on Oct. 15 and then rapidly advanced through the House Energy and Commerce Committee, along with the prescription drug measure.
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