KFF November 23, 2021
As the House-passed Build Back Better Act moves to the Senate, a new explainer from KFF summarizes the key prescription drug provisions within the broader budget reconciliation bill.
These provisions would lower prescription drug costs paid by people with Medicare and private insurance and curb drug spending by the federal government and private payers. The Congressional Budget Office estimates federal budget savings from the drug pricing provisions would be $297 billion over 10 years. Although the bill passed the House with no Republican votes, the prescription drug proposals have taken shape amidst strong bipartisan support among the public for the government to address high and rising drug prices.
The key prescription drug proposals in the legislation would:
- Allow the...
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