Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Democrats reach drug price deal, Biden upbeat on Manchin


November 3, 2021

Sen. Joe Manchin, D-W.Va., speaks with reporters during a news conference on Capitol Hill, Monday, Nov. 1, 2021 in Washington. (AP Photo/Alex Brandon)

WASHINGTON - Democrats reached agreement Tuesday on a plan to lower prescription drug costs for most older people, capping out-of-pocket Medicare costs at $2,000 and reducing the price of insulin, salvaging a campaign promise as part of President Joe Biden's $1.75 trillion domestic policy proposal.

Senate Majority Leader Chuck Schumer announced the deal, which is one of the few remaining provisions that needed to be resolved in Biden's big package as the party moves closer to wrapping up negotiations. Schumer acknowledged it's not as sweeping as Democrats had hoped for, but a compromise struck with one key holdout Democrat, Sen. Kyrsten Sinema of Arizona.

And Biden sounded upbeat about winning overall backing from another holdout, Democratic Sen. Joe Manchin of West Virginia, who threw the president's plan in flux this week by refusing to endorse it.


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