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Senate Democrats Propose Medicare Drug Negotiations Using Global Prices

6/17/2026

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Summary

Story summary

Senate Democrats released a blueprint to lower prescription drug costs.
Sen. Ron Wyden (D-Ore.) led the Senate Finance Committee minority in drafting the plan.
The plan seeks comments on expanding Medicare price negotiations to more drugs earlier.
It proposes using international prices in Medicare deals, similar to President Donald Trump’s 17 voluntary “most favored nation” agreements that cap prices at the lowest international level.

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Story summary

Senate Democrats released a blueprint to lower prescription drug costs.
Sen. Ron Wyden (D-Ore.) led the Senate Finance Committee minority in drafting the plan.
The plan seeks comments on expanding Medicare price negotiations to more drugs earlier.
It proposes using international prices in Medicare deals, similar to President Donald Trump’s 17 voluntary “most favored nation” agreements that cap prices at the lowest international level.