Prescription drug price reform on the line in Biden’s big social spending bill

Among the most potentially transformational changes in the Democrats’ massive social and climate bill pending in the Senate are a set of long-sought changes intended to tamp down the fast-rising cost of prescription drugs.

The $2 trillion spending package would ensure Americans don’t pay more than $35 when they pick up a new vial of insulin from their pharmacy, and would penalize drugmakers if they hike medicine prices faster than the inflation rate.