Pelosi’s Plan for Drug Pricing Is Not What the Doctor Ordered

Presidential candidates and members of Congress are always among the first to propose a “solution” to some pressing issue, but the last to lead on actual reforms. Case in point: America’s drug pricing system, which seemingly every politician knows how to fix. The most recent proposal comes from House of Representatives Speaker Nancy Pelosi, who suggests that medication costs can be lowered by the sheer force of federal fiat. Speaker Pelosi’s proposed “negotiations” with pharmaceutical companies would end in disaster, slashing medical innovation and compromising care for millions of Americans. Government price-fixing is the wrong prescription for lowering healthcare costs.

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