The bipartisan Senate Finance bill is touted by committee leaders as most viable answer to high drug costs. But many Republicans object to the way it would cap Medicare Part D price hikes at annual inflation rates.
The White House wants bipartisan buy-in on drug pricing legislation but is willing to sacrifice a key Democratic provision in a Senate Finance Committee plan to firm up Republican support for a compromise, domestic policy adviser Joe Grogan told POLITICO today.
Senate Democrats have said getting rid of the Part D caps would be a deal-breaker. Senate Finance Chairman Chuck Grassley has urged Republicans to get on board with the legislation or risk political consequences like being forced to take up Speaker Nancy Pelosi’s controversial drug pricing bill.
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