House Speaker Nancy Pelosi said a deal with President Donald Trump to lower the cost of prescription drugs is possible, Bloomberg reported.
The speaker said Democrats' prescription drug bill was written with a bipartisan compromise in mind, and seeks to limit what Medicare will pay and then to pressure drug companies to apply lower prices to the commercial market.
The bill "isn’t everything that the left want," she said, adding that "I told them we could go your route and we can be in court for the next 20 years, or we can have a bill that really gets results for the American people."
Meanwhile, Trump said that "if we can get support from the other side, we are going to get those prices so far below where they are now, you wouldn’t believe it."
The House plans to vote in mid-November on Pelosi’s bill, which would allow Medicare to negotiate prices on the most expensive drugs and let the government use the threat of a tax on profits to pressure drugmakers to offer lower prices to consumers using private insurance.
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