February 29, 2024

WASHINGTON (AP) — A Senate lawmaker scaled back a Democratic plan to curb drug prices but left it largely intact Saturday, Democrats said, as party leaders prepared to begin moving the sweeping economic bill them in the room.

Elizabeth MacDonough, the chamber’s rules arbitrator, said provisions that would force pharmacists to pay rebates if their prices rise above inflation for products they sell to private insurers should be removed.

But drug companies would have to pay those penalties if their prices for drugs bought by Medicare rise too much.

Other parts of the legislation, such as letting Medicare negotiate the cost of the drugs it buys, capping seniors’ costs and providing free vaccines, all survived.

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