9 hours ago
Trump asks Congress to codify TrumpRx drug discounts
From Gabrielle M. Etzel
Trump asked Congress to enact his Great Healthcare Plan and to codify his Most Favored Nation drug pricing agreements with pharmaceutical companies.
The Trump administration, in recent months, has made at least 16 MFN agreements with pharmaceutical companies, under which they commit, under threat of tariffs, to lower their prices in the United States to match the lowest prices sold in other developed countries.
Negotiated drug prices are available to consumers purchasing prescriptions without insurance on the direct-to-consumer discount platform TrumpRx.
TRUMP UNVEILS TRUMPRX DRUG DISCOUNT SITE IN EFFORT TO LOWER PRESCRIPTION COSTS
“Americans who have for decades paid by far the highest prices of any nation anywhere in the world for prescription drugs will now pay the lowest price anywhere in the world for drugs anywhere,” Trump said.
Trump asked Johnson and Thune to codify MFN.
“I’m not sure it matters because it’s going to be very hard for somebody that comes along after me to say, let’s raise drug prices by 700 or 800%, but John and Mike, if you don’t mind, codify it anyway,” Trump said.
