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U.S. House Speaker Pelosi unveils proposal to lower drug prices


Added 09-19-19 01:10:02pm EST - “U.S. House Speaker Nancy Pelosi, a Democrat, proposed legislation on Thursday to...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “U.S. House Speaker Pelosi unveils proposal to lower drug prices”. Below is an excerpt from the article.

WASHINGTON (Reuters) - U.S. House Speaker Nancy Pelosi, a Democrat, proposed legislation on Thursday to allow the federal government to negotiate the prices of hundreds of prescription drugs, and said she hoped for support from Republican President Donald Trump.

But many of Trump’s fellow Republicans, who run the Senate, are not keen on letting the government negotiate over prices, saying it amounts to price fixing. Initial reaction to Pelosi’s plan was negative from both House and Senate Republicans.

“We hope to have White House buy-in, because that seems to be the root to getting any votes in the United States Senate, and we want as strong a bipartisan vote as we can in the House and the Senate. We would hope that they would support this,” Pelosi told a news conference.

Americans pay the highest prices for prescription drugs in the world, as most other developed nations have single-payer systems with their governments negotiating prices.

Democrats promised to curb prescription drug prices during last year’s congressional election campaign, when they captured the majority in the House of Representatives.

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