Facts: Will Build Back Better Legislation Lower Prescription Drug Prices?
The Build Back Better Act, or H.R. 5376, responds to the COVID-19 pandemic by strengthening the economy and bringing financial relief to Americans. Proponents argue that the bill brings about milestone changes to various social, health, and economic programs. In particular, specific provisions of the bill attempt to reign in prescription drug prices in two ways: allowing Medicare to negotiate drug prices and placing caps on drug price increases.
What is the Build Back Better Plan?
With President Biden’s support, the House of Representatives adopted the Build Back Better Act (BBB) on November...