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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump says new proposal will lower some US drug prices
WASHINGTON Less than two weeks before the midterm elections, President Donald Trump on Thursday announced a plan to lower prices for some prescription drugs, saying it would stop unfair practices that force Americans to pay much more than people in other countries for the same medications.
We are taking aim at the global freeloading that forces American consumers to subsidize lower prices in foreign countries through higher prices in our country, Trump said in a speech at the Department of Health and Human Services.
Same company. Same box. Same pill. Made in the exact same location, and you would go to some countries and it would be 20 percent of the cost of what we pay, said Trump, who predicted the plan will save Americans billions. Were fixing it.
But consumers take note: The plan would not apply to medicines people buy at the pharmacy, just ones administered in a doctors office, as are many cancer medications and drugs for immune system problems. Physician-administered drugs can be very expensive, but pharmacy drugs account for the vast majority of what consumers buy.
Dont expect immediate rollbacks. Officials said the complex proposal could take more than a year to put into effect.
In another twist, the plan is structured as an experiment through a Medicare innovation center empowered to seek savings by the Affordable Care Act. Thats the law also known as Obamacare, which Trump is still committed to repealing.
https://www.heraldnet.com/business/trump-says-new-proposal-will-lower-some-us-drug-prices/?utm_source=DAILY+HERALD&utm_campaign=ce2ce8e5f8-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_d81d073bb4-ce2ce8e5f8-228635337
SWBTATTReg
(22,129 posts)prices, not reduce them. Just saying IMHO. Makers of drugs are jumping prices through the roof because they can get away w/ it. They shouldn't get tax credits for developing all of these medicines, since they are getting their development costs back in spades/many times over.
Andy823
(11,495 posts)I will believe it when I see it. I think right now trump is saying all kinds of BS to try and get republicans to stay in office. The man can not tell the truth, so I will wait and see. I think the only ones who will be fooled are his "cult" followers.