The House planned to consider legislation Friday that would require the secretary of Health and Human Services to conduct those negotiations. The bill is one of Speaker Nancy Pelosi's six priorities for the new Democratic-controlled House.
This is great news for those American citizens who are forced pay outragous prices for prescription drugs. Unfortunately, Our President has vowed to veto the bill.
"Government interference impedes competition, limits access to lifesaving drugs, reduces convenience for beneficiaries and ultimately increases costs to taxpayers, beneficiaries and all American citizens alike," the administration said in a written statement.
This is total horseshit. Tax payers are being forced to pay more now with the prices as high as they are. This is not regulating prices in the open market, but negotiating lower prices for those on a fixed income. This is a case where our government must act like a major corporation. Wal Mart negotiates lower prices on all products to secure lower prices for their customers. Our government should do the same.