WASHINGTON (AP) — House Speaker Nancy Pelosi, trying to seize the agenda on a top consumer issue, announced an ambitious prescription drug plan Thursday that would allow Medicare to negotiate prices for seniors and younger people.

The proposal would direct Medicare to bargain over as many as 250, but no fewer than 25, of the costliest drugs. Insulin is on the list. Drugmakers that refuse to negotiate could face steep penalties. Companies that raise prices beyond inflation would have to pay rebates to Medicare.

The plan would limit copays for seniors covered by Medicare’s “Part D” prescription drug program to $2,000. Medicare-negotiated prices would be available to other buyers, such as employer health plans.

It’s shaping up as a high-stake gamble for all sides in Washington. Polls show that high drug prices have Americans worried, and regardless of party affiliation, they want Congress to act. As a candidate, President Donald Trump called for Medicare negotiations but then later seemed to drop the idea.

Pelosi, D-calif., said her goal is a deal that Trump can sign onto and that could pass the GOP-controlled Senate.

“We don’t want a political issue at the polls,” Pelosi said at a news conference. “We want a solution in Congress, and we want it now.”

But in the Senate, Republican John Cornyn of Texas said the proposal “has absolutely no chance –zero, zip, nada” of passing. Some House Republicans quickly dismissed it as “socialism.”

The 2003 law that created Medicare’s prescription drug benefit barred the program from negotiating prices, a restriction Democrats have long opposed. Most Republicans say they believe price negotiations are best left to private players such as insurance companies.

The industry group Pharmaceutical Research and Manufacturers of America said Pelosi’s plan was “radical” and would usher in an era of government price-setting that would “blow up” the current system, stifling innovation. But the health insurance industry said the plan was “bold reform” and that drug costs are “out of control.” Public Citizen, a consumer group on the political left, said Pelosi didn’t go far enough.

The legislation leans left politically and appears to be tailor-made for Pelosi’s Democratic majority in the House. But in a signal that Pelosi wants a deal, it also incorporates ideas from the Trump administration and from Republican and Democratic senators.

Pelosi’s proposal would:

–authorize Medicare to negotiate prices for up to 250 drugs with the greatest total cost to society. That includes pharmacy drugs under the Part D prescription benefit, and Part B medications dispensed in doctors’ offices, such as many cancer drugs. Medicare would negotiate for as many drugs as possible on a list refreshed annually, but no fewer than 25. The maximum price would be determined using a blend of international prices, similar to a more limited proposal from the administration. Drug companies that balk at making a deal would face penalties that start at 65% of sales for the drug at issue, and escalate if they hold out.

–require drugmakers to pay rebates to Medicare if they raise prices beyond the increase in inflation.