Passing a invoice to regulate drug costs shall be essential to Republicans "retaining a majority in the Senate," Senate Finance Chairman Chuck Grassley (R-Iowa) informed reporters Wednesday. But he predicted the duty will in all probability slip into subsequent yr.
Grassley stated he was optimistic he might sell GOP lawmakers on the sweeping bipartisan invoice he and Sen. Ron Wyden (D-Ore.) developed, although most Republicans opposed when the Finance committee superior it on a 19-9 vote this summer time. Formal legislative textual content is predicted to be released later in the present day.
The laws, which is significantly totally different than Speaker Nancy Pelosi's drug worth plan, will in all probability get pushed to early subsequent yr, he stated.
"Ultimately it's going to come right down to this I feel, there are 22 Republicans up for election this yr and if it is like in my state ... there's quite a lot of disgust with the rapidly growing costs of medicine and every Republican up for reelection goes to have a place to land and this is the place to land as a result of they are certainly not going to land with what Pelosi is doing," Grassley stated.
Grassley stated he's communicating with House Democrats to hunt a compromise package deal. Pelosi's invoice accommodates vital overlap with the Grassley-Wyden invoice, however its call for the government to negotiate drug costs is a non-starter for conservatives.
Bipartisan talks, which embrace the White Home, should give you the option to proceed despite the Home impeachment inquiry, Grassley stated. Pelosi this morning appeared to agree.
"I definitely hope so," she stated. The impeachment inquiry does not "[erase] any concern we'd have for America's working households and their want for decrease drug costs"
Adam Cancryn contributed to this report.
Article originally revealed on POLITICO Magazine
Src: Chuck Grassley: Drug pricing reform key to keeping GOP's Senate majority
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