Pelosi’s Drug-Price Bill Can Still Hurt Trump Even if It’s DOA
In opposing the sweeping bill rather than engaging with Democrats, he is ceding ground on a populist issue.
Donald Trump may have just handed Nancy Pelosi and Democrats a political advantage on a big issue.
Photographer: Yuri Gripas/BloombergAmericans pay the highest drug prices in the world, and it’s not even close. So it should be good news that House Democrats (and two rogue Republicans) passed a historic bill Thursday that would lower these costs — plus, cut federal health spending, lower insurance premiums, and expand Medicare benefits — by empowering the government to negotiate with drugmakers.
Don’t get too excited, though. The bill will most certainly die on arrival in the Republican-controlled Senate — and if by some miracle it doesn’t, President Donald Trump has threatened to veto it.