Pelosi Unveils New Drug Price Legislation
Thursday, U.S. House Speaker Nancy Pelosi released proposed legislation to regulate prescription drug prices.
The bill would allow the federal government to negotiate the prices of hundreds of prescription drugs.
The government would negotiate the prices for Medicare healthcare beneficiaries as well as other consumers.
Americans pay the highest prices for prescription drugs in the world.
Most other developed nations have single-payer systems with the government negotiating prices for its people.