Posted by Michael Wonder on 05 Oct 2019
Pelosi’s expensive drug bill
4 October 2019 - Let’s hope impeachment kills the chance for pharma price controls.
With impeachment in high gear, Democrats may not have time or interest to legislate. This is just as well on drug prices, where Nancy Pelosi has proposed price controls and President Trump cheered her on.
Mrs. Pelosi’s legislation would direct the secretary of Health and Human Services to “negotiate” a “fair price” with drug manufacturers for the most expensive 250 patent-protected brand drugs. The government would issue a take-or-leave-it offer with a tax sword hanging over drug makers.
