Watchdog Group Slams Pelosi for Socialist Drug Price-Fixing Plan
WASHINGTON, D.C. – Today, the Taxpayers Protection Alliance (TPA) criticized House Speaker Nancy Pelosi’s (D-Ca.) plan to have the government “negotiate” drug prices with manufacturers based on drug prices in countries with socialized medicine. Under Speaker Pelosi’s plan, medications selected by the Department of Health and Human Services (HHS) would be subject to government-suggested prices based on an international average of foreign prices. Failure by the drug manufacturer to agree to “negotiated” prices would result in fines equal to at least 65 percent of that manufacturer’s gross annual sales.