House Minority Leader Nancy Pelosi told ABC News in an exclusive interview that Democrats “have a very good chance of winning the House” majority in the 2012 elections, pointing to Medicare as the key issue that could propel her party back into control of the lower chamber of Congress…

Pelosi said that cuts to seniors’ benefits are “absolutely” off the table in the ongoing deficit reduction negotiations, but suggested that Congress could improve Medicare by working to eliminate fraud and also by giving the Secretary of Health and Human Services unilateral authority to negotiate for lower prices for the endangered entitlement program.

“When you talk about Medicare, the first thing I would do if I ruled the world would be to allow the secretary of HHS to negotiate for lower prices. That would save tens of billions of dollars,” Pelosi said. “The last place we need to go — we don’t ever have to go there — is to what the Republicans are doing: Eliminate Medicare [and] make seniors pay more for less as you give tax breaks to big oil and say that’s how we have to reduce the deficit. We don’t subscribe to that.”