Pelosi working to gather support for last-minute, last-ditch drug pricing policy

House Speaker Nancy Pelosi’s office is working to gather support for a last-ditch proposal to lower prescription drug costs after the White House shunned the issue Thursday morning, according to four sources briefed on the policy.

The new policy, which Pelosi’s office is pitching as a collaboration between House Energy & Commerce Chair Frank Pallone (D-N.J.) and Rep. Scott Peters (D-Calif.), would allow Medicare to negotiate drug prices for medications administered by doctors and at the pharmacy counter, after their so-called exclusivity period, granted by the Food and Drug Administration, expires, four sources said.