House Passes Bill To Lower Prescription Drug Costs
WASHINGTON, D.C. (CBSNEWS.COM) - House Democrats on Thursday pushed through legislation that would empower Medicare to negotiate prescription drug prices and offer new benefits for seniors.
Speaker Nancy Pelosi's bill would cap Medicare recipients' out-of-pocket costs for medicines at $2,000 a year. It would use about $360 billion of its projected 10-year savings from lower drug costs to establish Medicare coverage for dental care, hearing, and vision, filling major gaps for seniors.
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