Trump administration issues rules meant to lower U.S. prescription drug prices By for Just the News
“I just hope they keep it,” president said on Friday.
The Trump administration on Friday issued new regulations that President Trump said will lower prescription drug prices for American patients, with a pharmaceutical trade group meanwhile claiming that the new rules represent an “unlawful onslaught” that would “upend the entire system” of drugs in the country.
Of the two major rule changes, one would install a “most-favored-nations” policy in which Medicare would pay for prescription drugs at the same prices as other developed countries; the other would direct drug manufacturers to provide rebates to Medicare enrollees that normally go to insurers and other administrators.
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“The drug companies don’t like me too much. But we had to do it,” Trump said at a Friday press conference. “I hope they have the courage to keep it,” he added in what appeared to be an oblique reference to the potential Biden administration.
