House passes Pelosi-backed drug pricing bill
Photo: Drew Angerer/GettyImages
The House on Thursday passed a drug pricing bill backed by Speaker Nancy Pelosi that would allow the federal government to negotiate prices for specific drugs on behalf of Medicare and the private market.
Why it matters: Pelosi struck a last-minute deal with progressive Democrats who thought the bill didn't go far enough. Nonetheless, the bill has almost no chance in a Republican-controlled Senate.