Texas Democrat: Medicare Negotiations Will Lower Drug Prices

Rep. Lloyd Doggett (D-Texas) will introduce a bill that would allow the government to directly negotiate drug prices for Medicare Part D in an attempt to lower rapidly growing drug costs.

Other direct-negotiation bills have been introduced before, but “the breadth of the negotiating power” the government would gain under this measure sets it apart, Rep. Rohit Khanna (D-Calif.) told Bloomberg Law. It “goes further than many of the other bills in Congress,” he said.

Doggett is also the ranking member of the Ways and Means Committee, which gives the bill a much better chance at passing, Khanna said. Khanna ...