Sen. Sherrod Brown (D-Ohio) reintroduced the Medicare Prescription Drug Price Negotiation Act, according to Miami Herald.
Here are four takeaways:
1. Under the legislation, the HHS secretary would have the power to negotiate prescription prices, which current law prohibits Medicare from doing.
2. Sen. Brown reintroduced the bill with hopes that seniors can obtain better price discounts, which will yield savings for taxpayers and lower costs for Medicare Part D enrollees.
3. Various Democratic senators have sponsored the legislation and are seeking to work with the Trump administration on strategies to truncate drug prices.
4. In a speech on Jan. 9, 2017, HHS Secretary Sylvia Burwell said granting Medicare negotiating power could maintain control over rising drug prices for seniors spanning the nation.