After facing lobbyist pressure, President Barack Obama abandoned attempts to implement the Medicare Part D Drug Payment Model, which would have cut rising costs for prescription drugs, The Fiscal Times reports.
Here's what you should know.
1. CMS introduced the proposal during the summer of 2016. Pharmaceutical, medical and patient advocate lobbyist groups have criticized it prompting President Obama to recently abandon the measure.
2. President Obama promoted the proposal chiding the pharmaceutical industry for opposing changes to prescription costing.
3. The lobbyist groups "accused the administration of interfering in the doctor-patient relationship and possibly endangering the lives of patients," The Fiscal Times report read.
4. Republican and Democratic members of the Senate Finance committee supported the lobbying groups. Twenty-four House Democrats were also against the plan including Nancy Pelosi (D-Calif.).