Trump, Big Pharma and price gouging
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A Democrat introduced legislation in Congress to codify President Donald Trump’s executive order to reduce drug prices. Rep. Ro Khanna (D-CA) announced his intentions on the House floor on Wednesday,
President Donald Trump took on Big Pharma Monday with an executive order that will reduce the prices for prescriptions. The
The market reaction came as Trump signed a wide-ranging executive order aimed at slashing prescription drug prices in the US.
The pharmaceutical industry bankrolls ostensibly independent nonprofit organizations to push industry talking points in Washington and across the nation.
On May 12th the president signed an executive order that seeks to force drugmakers to reduce their prices in America to align with the lowest rate they charge in other rich countries. That adds to the consternation of pharma bosses already fretting over Mr Trump’s protectionism.
President Donald Trump wants drugmakers to work with his federal health department to reach an agreement on a most favored nation price for their medicines.
Trump’s previous attempt to implement international reference pricing during his first term was blocked in court, though it was estimated to save over $85 billion over seven years by reducing the U.S.