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Senate Republicans block the $35 cap on insulin prices from the Inflation Reduction Act

Washington – Senate Republicans on Sunday blocked a $35 monthly cap on the cost of insulin in the private market from being included in Democrats’ fiscal tax and spending package, voting to amend the measure during a marathon session to pass the bill.

The Senate on Saturday night began considering more than 30 amendments to the Inflation Reduction Act, Democrats’ $700 billion legislation aimed at combating climate change, raising taxes on big corporations and addressing rising health care costs.

Among the changes proposed in the plan is setting a $35-a-month cap on insulin, the pricey drug needed to treat diabetes. Seven Republican senators voted to keep the price ceiling in the legislation along with all 50 Democrats: Bill Cassidy of Louisiana, Susan Collins of Maine, Josh Hawley of Missouri, Cindy Hyde Smith of Mississippi, John Kennedy of Louisiana, Slivan Slivandis of Alaska.

Still, by a vote of 57 to 43, the provision failed to garner the 60 votes needed to waive special budget provisions and make it into the bill. the house Passed A similar cap on insulin prices in April.

Democrats hope to clear their overall legislative package on Sunday, setting the House to return briefly to Washington this week to approve it. Its passage would be a major victory for President Biden and congressional Democrats as they work to maintain control of Congress ahead of the midterm elections.

This inscription is written by Shri. It was the culmination of months of negotiations over Biden’s domestic policy plan, which at times appeared dead but was revived late last month. A surprise announcement Senate Majority Leader Chuck Schumer and moderate Democrat Sen. of West Virginia. Agreement between Joe Manchin.

Democrats applaud his answer to its investment of nearly $400 billion to address inflation and fight climate change. The package allows Medicare to negotiate prescription drug prices, extends enhanced health insurance subsidies that expire at the end of the year, and imposes a 15% marginal tax on corporations making more than $1 billion in revenue each year.

To boost clean energy, the measure includes tax credits for buying electric vehicles and manufacturing solar panels and wind turbines. It provides rebates to consumers who purchase energy efficient appliances and provides $4 billion for drought relief.

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