Trick: Speaker Pelosi Proposes a Ghastly Drug Price Control Bill | Citizens Against Government Waste
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Trick: Speaker Pelosi Proposes a Ghastly Drug Price Control Bill

The WasteWatcher is the staff blog of Citizens Against Government Waste (CAGW) and the Council for Citizens Against Government Waste (CCAGW). For questions, contact blog@cagw.org.


House Speaker Nancy Pelosi (D-Calif.) introduced H.R. 3, the Lower Drug Costs Now Act, which gives government the power to “negotiate” with drug companies over the price of a drug.  But if a drug manufacturer refuses to except the government’s maximum fair price, it would be hit with up to a 95 percent excise tax.  This is not negotiation, it is extortion.  The bill would impose some of the most wicked mandates ever contemplated on any industry.  It would also mutilate American biopharmaceutical development of innovative medicines that are tackling serious diseases like Alzheimer’s, cancer, diabetes and Parkinson’s.  H.R. 3 is a nightmare and the wrong prescription to lower drug costs.  Speaker Pelosi was named CAGW’s Porker of the Month in October 2019 for this alien idea.

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