8:55 PM PT — Monday, January 14, 2018
Newly empowered House democrats Democrats launch investigation into the pharmaceutical industry over drug pricing.
Oversight and Reform Committee Chair Elijah Cummings (D-MD.) said his panel has requested information from a dozen major drug makers.
The committee wants to find out how companies decide the price for drugs used to treat diseases like cancer and diabetes.
Lawmakers also want to explore the reasons behind the dramatic spike in prescription costs and ways to lower them.
This comes as the Trump Administration pursues its own plan to make medication more affordable for Americans.