Nancy Pelosi’s latest Medicare proposal would pass drug discounts to all consumers

CNBC | July 01, 2019

House Speaker Nancy Pelosi is latest draft of legislation allowing Medicare to negotiate lower drug prices would also apply those discounts to private health plans across the U.S. according to a senior Democratic aide. The Department of Health and Human Services is currently prohibited from negotiating drug prices on behalf of Medicare the federal government is health insurance plan for the elderly. Pelosi has been working for months on a plan that would give HHS that power, which private health insurers already have. The most recent draft of the legislation proposes to extend those cost savings to private insurance plans, the aide said, asking not to be identified because the legislation is still being drafted and could change.

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White House adviser Ivanka Trump (right) attends “ROK-U.S. Women’s Empowerment Forum” hosted by South Korean Foreign Minister Kang Kyung-wha in Seoul.

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White House adviser Ivanka Trump (right) attends “ROK-U.S. Women’s Empowerment Forum” hosted by South Korean Foreign Minister Kang Kyung-wha in Seoul.

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