Trump demands pharma companies slash drug prices in next 60 days
UNITED STATES, JUL 31 – President Trump demands 17 pharmaceutical companies align U.S. drug prices with lowest international rates and return excess overseas revenue to reduce costs for Medicaid patients and new drugs.
- President Donald Trump demanded that 17 pharmaceutical companies reduce U.S. drug prices within 60 days, emphasizing the need for most-favored-nation pricing for Medicaid patients.
- Trump's proposals include ensuring that all new drugs come with reduced prices and that drugmakers negotiate prices harder with foreign countries.
- Following Trump's announcement, shares of major drug companies fell, indicating investor concern over potential compliance with the price-cut demands.
157 Articles
157 Articles
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Ever wonder why your heart medication costs more than your mortgage payment? For decades, American families have faced an impossible choice at the pharmacy counter.... The post Trump’s Makes Ultimatum to Drug Companies Demanding Lower Prices by September appeared first on Patriot Journal.
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