Healthcare & Life Sciences: Drug Pricing Digest - September 2021 #2

Drug Pricing Initiatives: Democrats are continuing to debate the reconciliation package that contains many of President Biden’s domestic policy initiatives, including with respect to drug pricing. The budget reconciliation process allows passage in both chambers of Congress by a simple majority, but some Democratic Senators, including Joe Manchin of West Virginia and Kyrsten Sinema of Arizona, oppose the measure’s $3.5 trillion price tag. All 50 Democratic votes in the Senate would be needed for passage, with Vice President Kamala Harris casting the tie-breaking vote. A vote on the reconciliation package was scheduled for today, September 27, but whether the vote will proceed as scheduled is unclear.

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