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Drug Pricing Bill Could Be Added to Infrastructure, Pallone Says

May 4, 2021, 3:00 PM

Rep. Frank Pallone, chair of the House Energy and Commerce Committee, says he’s open to including Democrats’ signature drug-pricing negotiation bill in the party’s economic and infrastructure package.

  • Pallone tells reporters he’s “going to use whatever vehicle I can to get this done”
  • NOTE: The bill, H.R. 3, would direct the government to negotiate with drugmakers for lower prices for Medicare and levy a tax against pharmaceutical companies that refuse to cut prices
  • NOTE: Watch for Health-Care Stock Volatility on Drug Pricing Hearing

To contact the reporter on this story:
Alexander Ruoff in Washington at aruoff2@bloomberg.net

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