House passes prescription drug reform.

The House this afternoon passed legislation to repeal the Bush administration-backed provision of the 2003 Medicare prescription drug law that forbids Medicare from negotiating lower prices for seniors. “The 255 to 170 vote wasn’t enough to override a threatened veto from President Bush, who said he won’t accept the measure in its current form. Supporters said the government could save $96 billion over 10 years by negotiating for drugs bought in bulk.”