President Donald Trump unveiled his plan to lower prescription drug prices on Friday. He is fulfilling one of his campaign promises.
“Today, my administration is launching the most sweeping action in history to lower the price of prescription for American people…It’s been a complicated process, but not too complicated…We will have tougher negotiation, more competition, and much lower prices at the counter. And it will start to take effect soon,” said the President in his remarks.
Additionally, Trump said, “We’re also increasing competition and reducing regulatory burdens so drugs can be gotten to the market quicker and cheaper. We’re very much eliminating the middlemen.” He noted that the U.S. Food and Drug Administration (FDA) approved over a thousand lost-cost generics last year. According to him, the FDA’s action saves Americans almost $9 billion.
Trump administration is taking on special interests
Furthermore, Trump said his administration will take on special interests, one of the biggest obstacles to affordable medicine. He said, “We are putting American patients first.”
