Rep. Pelosi Issues Statement on President Trump’s Medicare Drug Announcement

WASHINGTON, Oct. 25 -- House Minority Leader Nancy Pelosi, D-California, issued the following statement on President Trump's announcement on Medicare Part B drug prices, while continuing not to demand lower prices for seniors with Medicare Part D, which is 3.5 times larger:

"After nearly two years of spitefully acting to raise American's health costs, slash Medicare and Medicaid, and destroy protections for people with pre-existing conditions, it is hard to take President Trump seriously on prescription drug prices with this proposal just 12 days from the election.

"Unless there is a Democratic Congress to back the real, tough legislative authority needed to lower prescription drug prices, the President's newfound interest will disappear just like the rest of his broken promises - same as his phantom infrastructure bill, same as his promise not to cut Medicare and Medicaid, same as his promise to protect people with pre-existing conditions. Even now, President Trump is still refusing to negotiate the Medicare Part D drug prices which are crushing our seniors.

"Instead of lowering drug prices, Republicans used their two years with complete control of Washington to try to destroy protections for pre-existing conditions and hand massive tax windfalls to Big Pharma with their GOP tax scam for the rich. Democrats have made real action to lower prescription drug prices a top legislative priority of our For The People agenda, and that is what a Democratic Majority will deliver."