Draft Summary of HR 3, the Speaker’s drug pricing bill

This is the 6 page draft summary of HR 3 that was reported last evening, as a draft of the Pelosi proposal on drug pricing.


The bill implements price controls, on some drugs through a negotiation that has a ceiling price 120 percent of a six country international reference price formula, enforced by a hefty tax on gross sales for drugs that exceed the governments price targets.

There are also controls on annual price increases.