Pelosi Leading Talks to Add Drug Price Cuts in Biden Plan
- Compromise seen on Medicare negotiations with drug firms
- Biden framework plan lacked provision as talks continue
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House Speaker Nancy Pelosi is leading an effort to add a plan to cut prescription drug prices to President Joe Biden’s $1.75 trillion economic plan, and lawmakers are optimistic a deal can be reached within days.
Biden left mention of cutting drug prices out of the outline he presented to Congress on Thursday, but even opponents of the original House provision said they would be open to a more limited version. Arizona Senator Kyrsten Sinema had agreed to at least some version of drug price cuts in a deal with the White House, according to a person familiar with her views.