House presses ahead with bill to lower drug prices as McConnell vows to block it

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The bill would save $345 billion.

It turns out House Democrats can walk and chew gum at the same time.

House Speaker Nancy Pelosi is plowing ahead with her bill to allow Medicare to negotiate prescription drug prices.

This comes despite Donald Trump's false claim that House Democrats aren't focusing on anything besides impeachment.

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Nonpartisan budget analysts estimate $345 billion in savings for Medicare from the legislation as well as better health for some seniors who now skimp on costly medicines.

The Congressional Budget Office also cautioned that squeezing drug companies could mean some new medications don't make it to market.

The House Education and Labor Committee approved the bill Thursday on a party-line vote. Two other panels are working on it.

Republicans are broadly opposed to Medicare drug negotiations, so Pelosi would have to persuade Trump to support the bill for it to have any chance.

Senate Majority Leader Mitch McConnell, who has described himself as Congress's "Grim Reaper," has already promised to block the legislation.