Trump’s proposed price controls on Medicare and Medicaid could reduce government spending

Trump’s proposed price controls on Medicare and Medicaid could reduce government spending

President Donald Trump recently signed an executive order that seeks to reduce prescription drug prices in the United States. Trump argues that the U.S. should pay the same prices for prescription drugs as foreign nations, which currently pay half the prices of the U.S. This order is an excellent idea for reimbursements from Medicare and Medicaid. Although some center-right voices have equated Trump’s proposal to “socialist” price controls, keep…