Senate Democrats strike a deal to cut prescription drug prices in Biden's social spending plan

[notinkansas]

17. This is a rather curious deal

if the reporting in The Hill is correct.

https://thehill.com/policy/healthcare/579660-schumer-announces-deal-to-lower-prescription-drug-prices?rl=1

The deal would allow negotiation after nine years for many drugs, known as small molecule drugs, and after 12 years for more complex drugs known as biologics, according to a summary obtained by The Hill.

Medicare could negotiate up to 10 drugs starting in 2025, and up to 20 drugs in 2028 and beyond, according to the summary.

So no negotiation until after the next presidential election. The timing of that is necessary ... why?

And new drugs will be excluded because of the 9 and 12 year wait period.

sigh.