"I don't see how the president could support this bill, because I don't see it lowering the prices or solving the problem," he told a press conference Thursday.

And the plan drew immediate opposition from the Republicans in the House. All 24 Republicans on the House Energy and Commerce Committee blasted the plan on Thursday, calling Pelosi's proposal a means "to appease her most extreme members."

"It does not have to be this way; there are bipartisan solutions to bring down prices for patients and create real transparency and accountability for this system," the committee members said.

In the Senate, Chuck Grassley, Republican from Iowa, and Ron Wyden, an Oregon Democrat, proposed an alternative solution which was considered more moderate than Pelosi's.

Grassley tried to rally bipartisan support for the Senate plan, which also met criticism from some Republicans who objected to a cap on price increases in Medicare that the proposed bill would impose.

"I like Sen. Grassley's drug pricing bill very much, and it's great to see Speaker Pelosi's bill today. Let's get it done in a bipartisan way!" Trump said later in the day on Twitter.

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