Pelosi offers Medicare negotiation plan to curb drug prices - Sentinel-Tribune: News

Pelosi offers Medicare negotiation plan to curb drug prices

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Posted: Thursday, September 19, 2019 1:25 pm

WASHINGTON (AP) — House Speaker Nancy Pelosi, trying to seize the agenda on a top consumer issue, announced an ambitious prescription drug plan Thursday that would allow Medicare to negotiate prices for seniors and younger people.

The proposal would direct Medicare to bargain over as many as 250, but no fewer than 25, of the costliest drugs. Insulin is on the list. Drugmakers that refuse to negotiate could face steep penalties. Companies that raise prices beyond inflation would have to pay rebates to Medicare.

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