REPORT: Pelosi draft plan would allow negotiation on 250 drugs per year

As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by TheHill.com:

A draft plan to lower drug prices from House Speaker Nancy Pelosi (D-Calif.) would allow the secretary of Health and Human Services (HHS) to negotiate on 250 drugs per year, according to a summary circulating on Capitol Hill and among lobbyists and obtained by The Hill.

The summary of the House Democrats’ signature plan to lower drug prices, one of their top priorities this year, is a bolder proposal than many expected.

The article goes on to state the following:

It says that the prices negotiated by the HHS secretary would apply to the private market as well, not just Medicare, as Democrats often call for. There would also be a steep penalty for drug companies that refused to negotiate with HHS: a fee of 75 percent of the gross sales of the drug in question from the previous year.

Henry Connelly, a Pelosi spokesman, said the speaker’s office continues “to engage members across the caucus as the committees of jurisdiction work to develop the boldest, toughest possible bill to lower prescription drug prices for all Americans.”

NEW: Draft Pelosi drug pricing plan would have the government directly negotiate the cost of 250 drugs, peg prices to what’s paid overseas. https://t.co/Xv1JB7krx8 @SarahKarlin @adamcancryn

— Adriel Bettelheim (@abettel) September 10, 2019

A draft of Pelosi’s Medicare drug negotiation plan leaked tonight, although the Speaker’s office says the version is outdated. With @asiddons: https://t.co/tn97Su52GG

— Lauren Clason (@LaClason) September 10, 2019

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