Things are about to go wild as Insulin Price Cap Inflation Reduction Bill Is Decided On Senate Floor

It is reported that senators believe the fate of the insulin price cap will be decided on the Senate floor as Republicans are expected to call for a parliamentary ruling.

Things can get pretty crazy on the Senate floor on Saturday:

NEW, IMPORTANT – INSULIN CAP: The fate of the insulin price cap in the Reconciliation Act will be determined in real time, on the Senate floor, by multiple involved sources.

— Lisa Desjardins (@LisaDNews) August 6, 2022

Democrats have already passed a major hurdle when the MP approved the provision to lower the prices of prescription drugs.

Majority Leader Chuck Schumer said, “Democrats have received extremely good news: For the first time, Medicare will finally be allowed to negotiate prescription drug prices, seniors will receive free vaccines and their costs capped, and much more. This is a great victory for the American people. While there was an unfortunate statement that the inflation discount is more limited, the overall program remains intact and we are one step closer to finally taking on Big Pharma and lowering Rx drug prices for millions of Americans.

Reconciliation can only be used for fiscal matters related to the budget, so Republicans are expected to table a motion of order on the insulin price cap, which requires a ruling from the MP.

Democrats have not expressed any concerns that the insulin price cap should be lowered, and one of the reasons is that Medicare and Medicaid spend a lot of money on insulin every year. The US pays 8.1 times more for insulin than other countries.

Usually when legislation or amendments are voted on, the outcome is agreed upon before the vote takes place, but the cap on insulin prices is something that will be decided on the Senate floor at an unusual time and well worth a look.