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Device‐to‐Device (D2D) communication is one of the leading technologies which works under the aegis of fifth generation (5G) communication for the Internet of Things in Healthcare. In D2D communication, power control with resource allocation is the most challenging area for the research to make them suitable for IoT devices. In the present work, power control with resource allocation is done by using the Linear pricing game power allocation method. First, a mathematical min‐function based problem is proposed whilst taking the interference, data rate and minimum power requirement as a constraint to ensure the resource and power allocation. In the next phase, a linear pricing game (LPG) method is utilized to propose the LPG power control with resource allocation (L‐PaRAG). Mathematical analysis and theorem ensure the minimum cost function with global stability for an optimal solution of the proposed problem. Numerical analysis and results show that the proposed algorithm gives the best results for power control and resource management whilst managing the interference to maintain the quality of services (QoS) in D2D communication. Optimized power can be utilized for the communication between the base station and D2D users, especially, during disaster management. [ABSTRACT FROM AUTHOR]