President-elect Donald Trump's fiery stance on drug prices is putting pressure on pharmaceutical companies that may be designed to bring their support for his planned overhaul of the nation's health-care system.
Hours after Trump upended pharmaceutical stocks Wednesday with a pledge to force drugmakers to bid for government business, the U.S. Senate narrowly rejected a proposal to allow importation of cheaper prescription drugs from Canada. While votes on most amendments to the budget resolution went along party lines Wednesday night and Thursday morning, 12 Republicans supported the drug-import measure, with 13 Democrats opposed.
Bipartisan crossover in the 52-46 vote shows the drug pricing issue might have the power to unite enough members of both parties on legislation. Trump's remarks may have had the effect of bringing pharma companies to the table in repealing and replacing the Affordable Care Act, or Obamacare, which the president-elect has made a priority.
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