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Republicans Block $35 Limit on Insulin Included in Inflation Reduction Act

Republicans in the Senate blocked the $35 monthly cap on private market insulin prices on Sunday, which was included in the Democrats’ Inflation Reduction Act.

The bill was vetoed in a marathon session that led to what Democrats hope will be the bill’s final passage.

On Saturday night, the Senate began considering more than 30 amendments to the bill, a $700 billion bill aimed at combating rising health care costs, climate change and tax hikes. for large corporations, each CBS News.

Three votes does not impose a $35 per month limit on insulin costs

Americans are only three votes short when there is a limit of $35 per month for the cost of insulin, the expensive drug needed to treat diabetes.

Only seven Republican senators voted along with 50 Democrats to keep the drug price ceiling in law: Bill Cassidy of Louisiana, Susan Collins of Maine, Josh Hawley of Missouri, Cindy Hyde Smith of Mississippi, John Kennedy in Louisiana, and Lisa Murkowski and Dan Sullivan, both Alaska.

In the end, the measure failed to get the 60 votes needed, by a margin of 57 to 43, to waive the special budget rules and put the provision on the bill.

In April, the House of Representatives passed a similar cap on insulin costs.

Democrats seek big legislative chance to win midterm elections

Meanwhile, Democrats hope to pass the rest of the legislation on Sunday, of which it will quickly return to the House of Representatives this week for passage.

If it passes, the victory would give President Joe Biden and the congressional Democrats a key victory ahead of the midterm elections in which they will seek to maintain control of Congress, according to CBS News.

Democrats have called the bill the answer to rising inflation and health care costs. The package would allow Medicare to negotiate prescription drug prices, expand advanced health insurance benefits that would otherwise expire, and impose a 15% minimum tax on companies earning more than $1 billion dollars per year.

According to reports, the high price of insulin in the United States has resulted in nearly 4 out of 5 diabetics relying on it to pay off their debt.


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