. Prescription drug cost relief nixed from Democrats’ plan « JO LEE MAGAZINE

ABC NEWS – A popular plan to let the government directly negotiate lower prescription drug prices with pharmaceutical companies — extracting significant savings for taxpayers and patients — will likely not be part of the Democrats’ sweeping social spending package, the White House said Thursday. The development dashed hopes for what many consumer advocates had considered the best chance in decades for immediate relief to families burdened by soaring costs of medication. It also marks a major victory for drug makers who have spent millions of dollars lobbying against direct government intervention in pricing.

Breaking News at ABC NEWS

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