WASHINGTON, D.C. (CBSNEWS.COM) – House Democrats on Thursday pushed through legislation that would empower Medicare to negotiate prescription drug prices and offer new benefits for seniors.

Prescription pills. (credit: Roberto Machado Noa/LightRocket via Getty Images)

Speaker Nancy Pelosi’s bill would cap Medicare recipients’ out-of-pocket costs for medicines at $2,000 a year. It would use about $360 billion of its projected 10-year savings from lower drug costs to establish Medicare coverage for dental care, hearing, and vision, filling major gaps for seniors.

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