Statewide Iowa — The Democrats’ Build Back Better plan promises sweeping prescription drug reform, something Iowa Senator Chuck Grassley has unsuccessfully tried to accomplish in the Senate for years.
Grassley, a Republican, was asked if that issue alone is enough for him to support the near-two-trillion dollar bill.
Backers of Build Back Better are hoping to pass the measure before Christmas. The White House says the plan would lower prescription drug costs by letting Medicare negotiate prices, but Grassley remains unconvinced.
One example backers of the legislation use is insulin. Under the Democrats’ plan, insulin prices for seniors would be capped at 35-dollars a month while some diabetics are now facing costs of up to 700-dollars a month for the medication. Grassley says his bill, the Prescription Drug Pricing Reduction Act of 2020, would save taxpayers 95-billion dollars, reduce out of pocket spending by 72-billion and cut premiums by one-billion.
