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Pete Ricketts on Prescription Drug Prices: The Orphan-Drug Exemption, Votes Against Lower Drug Prices, and FDA Cuts

On July 1, 2025, Pete Ricketts cast one of the 50 votes that passed the One Big Beautiful Bill Act, which exempts more drugs from Medicare price negotiation; the cancer drugs Keytruda and Opdivo were not chosen for negotiation as a result. The same night, the Nebraska senator voted against an amendment to cut Medicare drug prices in half, and in April 2026 he voted against capping U.S. drug prices at European and Canadian levels.

Ricketts also voted to confirm Martin Makary to run the Food and Drug Administration, where layoffs left inspectors of the foreign factories that make many U.S. drugs saying "You can't inspect as many sites." Nebraska has 383,528 Medicare enrollees.

Pete Ricketts's Votes on Prescription Drug Prices and the FDA

What the Drug-Price Votes Pete Ricketts Cast Mean for Nebraska

Frequently Asked Questions About Pete Ricketts on Prescription drugs

What is Pete Ricketts's record on prescription drug prices under Trump?

Pete Ricketts voted for the One Big Beautiful Bill Act, which exempts more drugs from Medicare price negotiation at a cost of $8.8 billion. Ricketts voted against amendments to halve Medicare drug prices and to cap U.S. prices at European and Canadian levels, and voted to confirm Martin Makary, whose FDA lost drug-factory inspectors.

Did Pete Ricketts vote to limit Medicare drug price negotiation?

Yes. In 2025 Pete Ricketts voted for the law that exempts more drugs from Medicare negotiation by widening its orphan-drug exemption. The first ten negotiated prices took effect in 2026, and CMS estimated Medicare beneficiaries will save $1.5 billion that year.

Did Pete Ricketts vote to make drug companies charge Americans what they charge Europeans and Canadians?

No. Pete Ricketts voted on April 23, 2026 against waiving budget rules for an amendment to adopt Most Favored Nation drug pricing so that Americans pay no more than Europeans or Canadians. The same day he voted against a study of the administration's confidential drug-price deals.

Last updated: 2026-10-25

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