House Speaker Nancy Pelosi pushes vote on sweeping drug-pricing bill to December - (CNBC via NewsPoints Desk)

  • CNBC reported that US House Speaker Nancy Pelosi will not bring her proposed drug-pricing legislation to the floor for a vote this month as previously thought, according to a senior Democratic aide.

  • The aide said Pelosi's office is awaiting a final review from the Congressional Budget Office (CBO), which is now expected to take two more weeks.

  • The House was expected to vote on the bill in late October, but it was postponed to this month after the CBO informed Pelosi's office that its timeline had slipped.

  • Lawmakers made few changes to the bill when it was passed through three committees along partisan lines last month, CNBC said.

  • Republicans have cited the preliminary CBO report, released earlier that month, that projected the plan would lead to a reduction of eight to 15 new drugs coming to the market over 10 years.

  • However, the analysis also showed it would save Medicare $345 billion over the decade, mostly due to a provision that would allow the US Department of Health and Human Services to negotiate lower prices on the costliest drugs each year.

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