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Trump to sign executive order to cut prices of medicine to match other countries

6 pointsby y1zhou10 days ago

2 comments

phillipseamore9 days ago
It seems this is really about keeping drug prices about the same but increasing them for other countries.<p>Trump isn&#x27;t one for details but I watched his announcement and the examples he rattled off seemed to have one thing in common, countries with single-buyer national insurance and subsidized prices to patients. A patient might pay $20 but the national insurance purchases the drugs at a higher price.
cosmicgadget10 days ago
&gt; This is not the first time President Trump has tried to tie drug prices to what other countries pay. During Trump&#x27;s first term, a court blocked a proposed international reference pricing program.<p>Thinking we might see the same outcome. And that Trump allies took short positions on pharma stocks.