The early morning of Christmas Eve saw a positive final vote - 60 to 39 - in the US Senate for health care reform legislation, passing the Patient Protection and Affordable Care Act proposed by Majority Leader Harry Reid (Democrat, Nevada), who himself had a moment of confusion, voting 'no' before quickly correcting himself.
However, before a final bill reaches President Barack Obama for signature, the Senate must reconcile its proposal with the much more progressive version passed by the House of Representatives. Notwithstanding, and although there have been accusations of bribery, the Senate measures have been broadly welcomed by the research-based pharmaceutical and biotechnology industries of the USA.
Biotechnology Industry Organization (BIO) president and chief executive Jim Greenwood said: 'These provisions mean increased access for the patients of today and renewed hope for the patients of tomorrow. In addition, they will help create high-wage, high-value jobs in our nation's burgeoning biotech sector and help maintain US global leadership in innovation.'
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze