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Pelosi Drug Bill to Cost Economy $1t Over Decade: White House

Dec. 3, 2019, 9:58 PM

White House Council of Economic Advisers estimates House Democrats’ signature drug price bill, H.R.3, could result in 100 fewer drugs being available in the U.S., cost economy $1 trillion over ten years.

  • Link to report
  • Finding contrasts with Congressional Budget Office, which projected eight to 15 fewer drugs
  • Measure expected to receive House floor vote this month after revised CBO report issued; bill would allow Medicare to negotiate some drug prices, use fees to pressure drug companies to offer lower prices to private insurers
  • Speaker Nancy Pelosi has said she hoped President Donald Trump would support bill; Trump came...

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