Pelosi's prescription for high drug prices clears committee

Pelosi's prescription for high drug prices clears key committee and moves closer to a floor vote

WASHINGTON -- A powerful House panel has approved House Speaker Nancy Pelosi's legislation to lower prescription drug prices for seniors and working-age people.

The Ways and Means committee voted Tuesday along party lines, moving the bill closer to floor action.

It fulfills a long-sought Democratic goal of letting Medicare negotiate directly with drugmakers.

A bipartisan bill in the Senate would limit pharmaceutical price hikes, without giving Medicare bargaining power.

The House bill is being named after the late Maryland Rep. Elijah Cummings, a Democrat who sought to engage Trump on drug prices.