House Republican signs on to Democrats' Medicare drug savings proposal
June 21, 2011
The Hill
By Julian Pecquet
Rep. Jo Ann Emerson (R-Mo.) is co-sponsoring legislation requiring the Medicare to negotiate prescription drug prices, a priority for House Democrats in the ongoing debt-ceiling negotiations.
he bill, cosponsored by Rep. Peter Welch (D-Vt.), could save up to $156 billion over 10 years according to its proponents, but it's vehemently opposed by the pharmaceutical industry. The provision was in the House-passed healthcare reform bill but didn't make it into the final bill. Read more