President Trump speaks on efforts to lower drug costs
21 Novembre, 2020, 13:49 | Auteur: Yves Courtet
U.S. President Donald Trump will announce on Friday two rules created to lower drug prices, an administration official said on Thursday.
The second action announced on Friday aims to make USA drug prices more competitive by linking prices paid for prescriptions under Medicare to prices charged for the same drugs in other countries. The incoming Biden administration is unlikely to take up the rules, they said.
The other rule would require drug makers to push rebates and discounts directly on to Medicare patients rather than to insurers and middlemen pharmacy benefit managers.
U.S. President Donald Trump speaks to the press in the James Brady Press Briefing Room at the White House on November 20, 2020 in Washington, DC. The Trump administration disputes that and says its rule could potentially result in 30% savings for patients.
PhRMA, a trade group for pharmaceutical companies, called the rules "a reckless attack on the companies working around the clock to end this pandemic" and said it was looking at options to block them. As president, he dropped that idea, objected to by most Republicans.
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He also backed a bipartisan Senate bill that would have capped what Medicare recipients with high bills pay for medications, while generally limiting price increases. Chuck Grassley (R-IA) and Ron Wyden (D-OR) did not get a full Senate vote. Drugmakers previously charged the US more for medications compared to other countries.
The rule also changes how hospitals and doctors are paid for administering the drugs, in an effort to try to remove incentives for using higher cost medications.
President Trump touted his deal, which places the USA under the "Favored Nations" clause.
Additionally, President Trump forged legal pathways to purchase drugs at cheaper prices from other countries including Canada.
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