WATCH: Trump says more pharmaceutical companies will lower drug prices
Summarized by DistantNews. Read the original for the full story.
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- President Donald Trump said nine additional pharmaceutical companies would offer discounted medicines to state Medicaid programs under his “most favored nation” pricing system.
- The companies include Alcon, Astellas Pharma, BeOne Medicines, BridgeBio, CSL, Kyowa Kirin, Sun Pharma, Teva Pharmaceuticals and UCB.
- The administration has claimed more than $500 billion in savings over a decade, but the actual savings for consumers remain unclear because insurers already negotiate discounts.
President Donald Trump said nine more pharmaceutical companies will sell medicines to state Medicaid programs at discounted prices under his “most favored nation” system.
The companies are Alcon, Astellas Pharma, BeOne Medicines, BridgeBio, CSL, Kyowa Kirin, Sun Pharma, Teva Pharmaceuticals and UCB. Trump spoke from the Oval Office, seated beside aides and business executives, to promote a plan that would require prescription-drug list prices to match or fall below prices charged overseas.
Trump has presented the effort to voters concerned about inflation as part of his response to affordability pressures. The administration has claimed the policy could produce more than $500 billion in savings over 10 years.
The scale of savings consumers will actually receive remains unclear. Insurance programs already pay discounted prices, meaning lower list prices may not translate directly into equivalent reductions in what patients pay.
About this summary
Originally published by PBS NewsHour. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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