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Press Release: Wyden, Welch, and Cortez Masto Introduce Legislation to Halt Big Pharma Bailout and Protect Drug Pricing for Medicare Recipients

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Senators Wyden, Welch, and Cortez Masto introduce a bill to prevent pharmaceutical bailouts and protect drug price negotiations.

Quiver AI Summary

Senators Introduce New Drug Pricing Legislation: Senators Ron Wyden, Peter Welch, and Catherine Cortez Masto have proposed the No Big Blockbuster Bailouts Act (NOBBBA) aimed at blocking certain provisions in a Republican bill that limits Medicare's ability to negotiate drug prices. The new legislation seeks to protect access to affordable life-saving medications for seniors and individuals with disabilities.

Criticism of Current Drug Pricing Policies: The senators criticized the Republican tax bill, which they claim inadvertently provided an $8.8 billion bailout to the pharmaceutical industry, affecting drug pricing for seniors. They argue that the current policies lead to higher out-of-pocket costs for essential medications.

Support for Medicare Negotiation: The proposal aims to repeal exemptions that prevent negotiation on expensive drugs, ensuring that necessary medications become eligible for pricing negotiations and reaffirming Medicare's role in reducing costs for taxpayers and beneficiaries.

Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.

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Ron Wyden Net Worth

Quiver Quantitative estimates that Ron Wyden is worth $22.8M, as of October 22nd, 2025. This is the 57th highest net worth in Congress, per our live estimates.

Wyden has approximately $10.4M invested in publicly traded assets which Quiver is able to track live.

You can track Ron Wyden's net worth on Quiver Quantitative's politician page for Wyden.

Ron Wyden Bill Proposals

Here are some bills which have recently been proposed by Ron Wyden:

  • S.2857: Protecting Free Vaccines Act of 2025
  • S.2856: Wildfire Smoke Relief Act
  • S.2851: Protecting Americans from Doxing and Political Violence Act
  • S.2850: Protecting Legislators and Survivors of Sexual Assault and Domestic Violence from Doxing and Political Violence Act
  • S.2845: Billionaires Income Tax Act
  • S.2778: Local School Foods Expansion Act of 2025

You can track bills proposed by Ron Wyden on Quiver Quantitative's politician page for Wyden.

Ron Wyden Fundraising

Ron Wyden recently disclosed $191.7K of fundraising in a Q3 FEC disclosure filed on October 14th, 2025. This was the 485th most from all Q3 reports we have seen this year. 90.1% came from individual donors.

Wyden disclosed $345.3K of spending. This was the 156th most from all Q3 reports we have seen from politicians so far this year.

Wyden disclosed $1.4M of cash on hand at the end of the filing period. This was the 253rd most from all Q3 reports we have seen this year.

You can see the disclosure here, or track Ron Wyden's fundraising on Quiver Quantitative.

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