President Donald Trump released his blueprint for lowering the costs of medications in the United States on Friday.
The administration said they will immediately begin working to “bring soaring drug prices back down to earth.”
Today, my Administration is launching the most sweeping action in history to lower the price of prescription drugs for the American People. We will have tougher negotiation, more competition, and much lower prices at the pharmacy counter! https://t.co/xdakX43a4d
— Donald J. Trump (@realDonaldTrump) May 11, 2018
A statement from the White House said that excessively high drug prices, foreign freeloading, and a system rigged to reward list price increases, are burdening the American people.
To combat this, steps that the Department of Health and Human Services (HHS) will begin taking include ending the gaming of regulatory and patent processes by drug makers to unfairly protect monopolies, advancing biosimilars and generics to boost price competition, evaluating the […]
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