Trump thanked the sponsors of the bills including Senators Susan Collins, Bill Cassidy, Lamar Alexanders, Debbie Stabenow and Representative Buddy Carter. The lawmakers attended the signing of the legislation at the White House.
Lowering drug prices: a priority for Trump administration
Furthermore, the president noted that after only 100 days since his administration released its drug pricing blueprint, 15 drug companies reduced, rolled back or froze their prices for the rest of the year.
Moreover, Trump said his administration “increased competition and reduced regulation to deliver medicines to patients faster and cheaper.” The Food and Drug Administration (FDA) accelerated its approval process for most generic drug applications. The FDA approved over a thousand generic drugs, which saved patients almost $9 billion in 2017 alone.
The president went on to say that lowering drug prices has been a priority of his administration since day one. He said, “It’s a very important thing for us.”
