Tag Archives: Congressional Budget Office

Big Pharma Flooding Airwaves With Disinformation to Kill Drug Price Reform

“Powerful interest groups out there don’t want this legislation to succeed, so they’re pouring dark money into efforts to stop it,” said one Democratic senator.

By Jake Johnson  Published 7-29-2022 by Common Dreams

The group American Commitment is running ads in several states attacking Democrats’ plan to lower prescription drug prices. (Photo: Screengrab/American Commitment)

While its thousands of lobbyists work fervently on Capitol Hill, the pharmaceutical industry is flooding the airwaves in several states with deceptive ads in a last-ditch campaign to block Senate Democrats’ plan to curb the unchecked pricing power of drug corporations.

Included as part of a reconciliation package negotiated by Sen. Joe Manchin (D-W.Va.) and Senate Majority Leader Chuck Schumer (D-N.Y.), the proposal would require Medicare to negotiate the prices of a small number of drugs directly with pharmaceutical companies, which can currently drive up costs as they please—boosting their profits at the expense of patients. Continue reading

Share Button

Letting Medicare Negotiate Drug Prices Would Save US Nearly $290 Billion: CBO

“By empowering Medicare to directly negotiate prices for prescription drugs Congress can end the days of seniors missing lifesaving medications because they cannot afford them,” said Majority Leader Chuck Schumer.

By Jon Queally  Published 7-9-2022 by Common Dreams

The Congressional Budget Office said Friday that a pending proposal by Senate Democrats to allow Medicare to negotiate directly with drug companies for lower prices would yield nearly $290 billion in savings and new revenue over ten years of implementation, a predictable yet crucial finding as lawmakers try to revitalize a legislative deal in the coming weeks.

The Democratic effort to revitalize a broader reconciliation package that could be passed in the narrowly-split Senate without Republican votes is considered the best that can be achieved after Sens. Joe Manchin and Kyrsten Sinema tanked the much larger Build Back Better plan—one that included sweeping climate provisions and other social investments—last year. Continue reading

Share Button

‘Staggering’: Watchdog Finds Medicare Advantage Plans Deny Necessary Care

“These plans are designed to maximize profits for corporations, NOT to provide high-quality healthcare,” said Social Security Works.

By Jessica Corbett  Published 4-28-2022 by Common Dreams

Photo: Myfuture.com/flickr/CC

A government watchdog revealed Thursday that Medicare Advantage plans—which are offered by private companies but required to follow rules set by the government healthcare program—deny medically necessary care to tens of thousands of enrollees each year.

The revelation came in a report released by the U.S. Department of Health and Human Services Office of Inspector General (OIG), which examined a random sample of 250 prior authorization denials and 250 payment denials issued by 15 of the largest Medicare Advantage Organizations (MAOs) during the first week of June in 2019. Continue reading

Share Button

As CBO Shows How to Cut $1 Trillion From Pentagon, Progressives Urge Spending on ‘True Security’

“Saving a trillion dollars that could be devoted to preventing pandemics, addressing climate change, or reducing racial and economic injustice is no small matter.”

By Brett Wilkins, staff writer for Common Dreams. Published 10-7-2021

Progressive foreign policy experts say a new Congressional Budget Office report offering three options for slashing Pentagon spending by $1 trillion over the next decade underscores the imperative to invest in programs of social uplift and climate action. Photo: Peg Hunter/flickr/CC

Progressive foreign policy experts on Thursday pointed to a new Congressional Budget Office report that concludes it is possible to slash a trillion dollars in military spending over the coming decade without reducing force effectiveness as further proof that the United States can and should prioritize investments in tackling pandemics, inequality, and the climate crisis.

“The U.S. military budget is now higher than it was at the peak of the Vietnam War, the Korean War, or the Cold War,” said Lindsay Koshgarian, program director of the National Priorities Project at the Institute for Policy Studies (IPS). “This report shows that there are viable options for immediate, substantial reductions to the Pentagon budget.” Continue reading

Share Button

‘Seems Like a Good Policy!’ CBO Shows Medicare for All Could Cover Everyone for $650 Billion Less Per Year

The analysis shows that administrative costs under a single-payer healthcare system “will be lower than what even the most rabid Medicare for All supporters have traditionally claimed.”

By Kenny Stancil, staff writer for Common Dreams. Published 12-11-2020

The barriers to Medicare for All, wrote Matt Bruenig of the People’s Policy Project, “are not technical deficiencies or costs, but rather political opposition from Republicans and conservative Democrats who would rather spend more money to provide less health care.” Photo: Public Citizen/flickr/CC

The Congressional Budget Office on Thursday released a report examining the costs associated with universal healthcare proposals that are based on Medicare’s fee-for-service program and found that implementing a single-payer health insurance program in the United States would not only guarantee coverage for every person in the country but would also reduce overall healthcare spending nationwide.

In the words of researcher Matt Bruenig—founder and president of the progressive think tank People’s Policy Project who called the CBO’s working paper (pdf) on the topic “more exhaustive than any other recent study on the subject”—the new analysis shows that administrative costs under a single-payer healthcare system “will be lower than what even the most rabid Medicare for All supporters have traditionally claimed.” Continue reading

Share Button

While Advocates Declare #HandsOffSNAP, Trump Reportedly Wants Even Crueler Requirements for Nation’s Poor and Hungry

“Do you know who the #2018FarmBill would hurt? Well, just on the short list are: Women, veterans, children, people with disabilities, workers, and seniors”

By Jessica Corbett, staff writer for Common Dreams. Published 5-9-2018

“Right now I need SNAP to get by,” Tina Keys, a mother from Washington, explained at a #HandsOffSnap rally outsite the Captiol on May 8. (Photo: @TalkPoverty/Twitter)

While social welfare advocates have launched a #HandsOffSNAP campaign to protest Republican lawmakers’ latest attempt to make Supplemental Nutrition Assistance Program (SNAP) benefits—often called food stamps—less accessible, President Donald Trump is reportedly planning to pressure them to include even stricter work requirements in the 2018 Farm Bill.

“Trump is expected to tell senior lawmakers in a meeting this week that he will veto the farm bill if it doesn’t include tighter work requirements for people receiving food stamps,” two people familiar with the president’s deliberations told the Wall Street Journal. Continue reading

Share Button