18 October 2019 - A measure being pushed by House Speaker Nancy Pelosi is challenging the Washington assumption that bringing down drug prices is an impossible task — and its approach has been validated by nonpartisan legislative analysts.

The bill is H.R. 3, which was advanced Thursday by two House committees on party line votes. The bill would require Medicare authorities to negotiate lower drug prices directly with manufacturers, using a benchmark based on prices for the target drugs in six developed countries, which generally have lower prices than the United States.

Uniquely among drug price legislation coming out of Congress, the measure would put teeth into the negotiation process by penalising drug companies that refuse to come to the table.

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