Pelosi Quickly Moves To Put Her Drug Pricing Bill To A Full House Vote

The video discusses a legislative plan to lower prescription drug prices, which has been approved by several House committees. The plan, known as the Lower Drug Costs Now Act of 2019, aims to allow Medicare to negotiate directly with drug manufacturers. While the Congressional Budget Office estimates significant savings for the federal government, there are concerns about the potential impact on the development of new medications. The plan faces opposition from Republicans, who argue it is rushed and may hinder innovation.

How would the proposed legislation affect Medicare's ability to negotiate drug prices?

What potential downside of the legislation is mentioned in the text?