Trump promises bidding ‘properly’ to lower drug prices

Published January 11, 2017 4:29pm ET



President-elect Trump promised to clamp down on high drug prices by creating “new bidding procedures for the drug industry.”

Trump said during a press conference Wednesday that the way the country buys drugs needs to be revamped. He didn’t elaborate on specific bidding procedures, but he previously has called for Medicare to negotiate for lower drug prices. That practice is currently prohibited.

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