House Price 'Negotiation' Plan: It Is Even Worse Than It Sounds

The House Democratic leadership is pushing an international benchmark price for its 'negotiation' plan in the US. The summaries have focused on the maximum price, but the one-sided “negotiation” process suggests that the minimum is the more relevant number – and it is likely to be quite low.

The House Democratic leadership’s price negotiation plan proposes a very aggressive international reference pricing model to set maximum prices for top-selling brands in the US. And the plan is even more aggressive than the initial descriptions make it sound.

The formula was first unveiled when a draft of the proposal leaked at the start of September: US prices would...

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