Trump Announces Work on Prescription Drug Prices

Joe Scudder
Written by Joe Scudder

He promised and now he is implementing “sweeping action” to lower prescription drug prices.

Naturally, opponents are complaining about what the President is NOT doing to lower prescription drug prices.

Yes, Donald Trump did talk about giving Medicare more power to negotiate prices. But if he lowers prescription drug prices, that will be the fulfillment of his campaign promise.

Apparantly, he changed his mind that empowering Medicare was the best way to do it. I’m sure that if Trump doesn’t see results he will push for other changes. As someone who wants to still be President after the 2020 election, he has every reason to make sure his efforts accomplish something substantial for the America people.

The Washington Times reports, “Trump vows to end ‘rip-offs’ at the pharmacy counter.

President Trump said Friday he will put “American patients first” by speeding cheaper drugs to market, forcing companies to disclose prices and leveraging trade deals to put U.S. consumers on a level playing field with those abroad.

The president also vowed to crack down on benefit managers who negotiate rebates from pharmacies manufacturers, saying they must pass savings to consumers instead of pocketing cash generated by higher list prices.

“The middlemen became very, very rich,” he said. “They won’t be so rich anymore.”
All told, Mr. Trump said his blueprint is the “most sweeping action in history to lower the price of prescription drugs for the American people.”

Yet he walked away from a campaign pitch to use the federal government’s clout under Medicare to directly negotiate down prices, a policy change that Democrats want but that Big Pharma ardently opposes.

Instead, the White House wants to give private plan sponsors within Medicare more negotiating power.

Speaking from the White House Rose Garden, Mr. Trump also took aim at first-world nations that slash drug prices for their own citizens, knowing they can rely on Americans to subsidize the costly research that goes into developing life-savings cures here at home.

“It’s unfair, and it’s ridiculous, and it’s not going to happen any longer,” he said. “Americans will not be cheated any longer.”

He told U.S. Trade Representative Robert Lighthizer to make prescription prices a priority during upcoming negotiations with foreign powers.

The administration will also study whether companies should be required to disclose drug prices in their television ads, bringing transparency straight to U.S. living rooms.

[…]

Mr. Trump made drug prices a key issue on the campaign trail in 2016, saying Big Pharma is “getting away with murder,” […].

Read the entire story.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


About the author

Joe Scudder

Joe Scudder

Joe Scudder is the "nom de plume" (or "nom de guerre") of a fifty-ish-year-old writer and stroke survivor. He lives in St Louis with his wife and still-at-home children. He has been a freelance writer and occasional political activist since the early nineties. He describes his politics as Tolkienesque.

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