In 2016, presidential candidate Donald Trump told voters that lowering drug prices would be a top priority of his domestic agenda. When House Speaker Nancy Pelosi’s (D-CA) introduced a bill to lower drug costs, Trump greeted it with enthusiasm. But in October, Trump executed an about-face, abandoning negotiations on the House bill, claiming it would “harm seniors,” and threatening to veto the bill if it passed the Senate.
The House bill — H.R. 3, the Elijah E. Cummings Lower Drug Costs Now Act — would increase the power of the government to negotiate with pharmaceutical companies for lower prices. But Trump’s top healthcare adviser, former Gilead Sciences lobbyist Joe Grogan, strenuously lobbied […]