Trump wants to control prescription drug costs

[Anonymous]

Telling drug companies what they can charge? Some would call that…socialism.

Here’s Trump’s most recent “truth”:

For many years the World has wondered why Prescription Drugs and Pharmaceuticals in the United States States of America were SO MUCH HIGHER IN PRICE THAN THEY WERE IN ANY OTHER NATION, SOMETIMES BEING FIVE TO TEN TIMES MORE EXPENSIVE THAN THE SAME DRUG, MANUFACTURED IN THE EXACT SAME LABORATORY OR PLANT, BY THE SAME COMPANY??? It was always difficult to explain and very embarrassing because, in fact, there was no correct or rightful answer. The Pharmaceutical/Drug Companies would say, for years, that it was Research and Development Costs, and that all of these costs were, and would be, for no reason whatsoever, borne by the “suckers” of America, ALONE. Campaign Contributions can do wonders, but not with me, and not with the Republican Party. We are going to do the right thing, something that the Democrats have fought for many years. Therefore, I am pleased to announce that Tomorrow morning, in the White House, at 9:00 A.M., I will be signing one of the most consequential Executive Orders in our Country’s history. Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%. They will rise throughout the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA! I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World. Our Country will finally be treated fairly, and our citizens Healthcare Costs will be reduced by numbers never even thought of before. Additionally, on top of everything else, the United States will save TRILLIONS OF DOLLARS. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!

[Anonymous]

Wrong again OP... Trump's EO will require the drug companies to charge Americans the lowest price those same companies charge foreign countries. That's a saving of 30% - 80% for the drug.

More winning and less socialism!

[Anonymous]

Anonymous wrote:Wrong again OP... Trump's EO will require the drug companies to charge Americans the lowest price those same companies charge foreign countries. That's a saving of 30% - 80% for the drug.

More winning and less socialism!

Trump said he would build a wall to completely secure the border during his first term. Where is that wall? I'll believe reduced prescription drug prices when I see reduced prescription drug prices.

[Anonymous]

What's worse - a non-sequitor mumbo jumbo from Jeff's AI or a President who knows how to play the game to help Americans?

[Anonymous]

Drugs are made with eggs for liquid stabilization. With egg prices down 98% thanks to Trump, of course drug prices will plummet.

[Anonymous]

So what’s to stop drug companies from simply raising prices outside the U.S.?

[Anonymous]

I can’t stand Trump but if taxpayer money is used for research to develop many drugs, then they payback from Big Pharma should be lower prices for American consumers. You don’t get to take money from taxpayers then basically extort them when they’re ill.

[Anonymous]

Trump is instituting DEATH PANELS!!!

[Anonymous]

Anonymous wrote:So what’s to stop drug companies from simply raising prices outside the U.S.?

ding ding ding ding

[Anonymous]

Anonymous wrote:So what’s to stop drug companies from simply raising prices outside the U.S.?

Or inside the US? Doesn’t this policy only apply to government insurance — Medicare/Medicaid/Va? Just raise prices for private plans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So what’s to stop drug companies from simply raising prices outside the U.S.?

Or inside the US? Doesn’t this policy only apply to government insurance — Medicare/Medicaid/Va? Just raise prices for private plans.

See what he did there! He's controlling drug prices tor plans that will no longer exist once he defunds them.

[Anonymous]

Why would any Democrat oppose this aside from just to score points for their team? If Obama did this you all would be lauding praise on this.

Didn’t vote for Trump but this is a great idea.

[Anonymous]

Trump is outsourcing pricing negotiations to foreign governments? Interesting.

I'm a Democrat, and I have always thought advocating for drug imports from Canada made no sense. All of this will completely upend the pharmaceutical market. Of course, it probably needs it...but this goes about things in a way that cedes American control to other socialist countries.

[Anonymous]

Anonymous wrote:Trump is outsourcing pricing negotiations to foreign governments? Interesting.

I'm a Democrat, and I have always thought advocating for drug imports from Canada made no sense. All of this will completely upend the pharmaceutical market. Of course, it probably needs it...but this goes about things in a way that cedes American control to other socialist countries.

You sound like Ted Cruz or Mitt Romney. This is a good idea. I don’t give a damn if it’s Trump that gets it done.

[Anonymous]

Anonymous wrote:Wrong again OP... Trump's EO will require the drug companies to charge Americans the lowest price those same companies charge foreign countries. That's a saving of 30% - 80% for the drug.

More winning and less socialism!

Telling companies what to charge is literally socialism.

that said, all that will happen is drug prices elsewhere will rise and those in th US will remain the same or rise (because tariffs)