Earlier this afternoon President Trump held an oval office event with several leaders in the pharmaceutical and medical sector, to discuss the latest developments in the reduction of prescription drug prices.
White House – President Donald J. Trump announced nine new agreements with pharmaceutical manufacturers to lower prescription drug prices for Americans in line with the lowest prices paid by other developed nations (known as the most-favored-nation, or MFN, price). The agreements bring the total number of pharmaceutical manufacturers with MFN deals to 26, covering 89% of the branded drug market.
[…] These nine pharmaceutical manufacturers committed to invest at least $19.6 billion collectively in U.S. manufacturing in the near term. Additionally, as part of the MFN agreements, several companies are donating active pharmaceutical ingredients for key products to the Strategic Active Pharmaceutical Ingredients Reserve (SAPIR) to reduce reliance on foreign nations and ensure the United States has an adequate supply of such products in the event of an emergency. {source}
The media questions begin at 35:00 of the video:
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How do we know if the lower manufacturing prices will show up at the retail level?
I could be like the gas stations that pocket any decrease in the wholesale price and keep the retail price up then still blame it on Trump.
I’m not a big fan of pharma products, even if they are free.
However, this is great what PDJT is doing for people that have no other choice and thus extremely desperate.
“the latest developments in the reduction of prescription drug prices.”
Get rid of the “Pharmacy Benefit Managers” that are just middlemen jacking up prices.
Check with your pharmacy and ask how much your prescription will cost if you pay cash. For a lot of common medicines you will find out that is the cheaper option rather than billing insurance.
Yeah, Insurance has so completely severed free market cause and effects.
Your boss negotiates for your insurance.
Your insurance negotiates with doctors and hospitals over reimbursement.
You worry about premiums, copays, deductibles and such.
They have also severed your medical needs from your medical treatments.
I just had a dental implant shoved up into my sinuses. Insurance refused to pay for the surgery needed to remove it. And removing it was truly necessary.
“Insurance has so completely severed free market cause and effects.“
Precisely. That sentence says it all.
Regarding your surgery, the medical profession can make a mistake and still charge you to fix it. That should be looked at as well.
If your mechanic messes up on repairing your car you expect that they will fix their mistake at no charge.
I found this to be exactly right.
I pay cash and get a 90 day supply for less than other people I know pay for a co-pay with insurance for the same medication.
I take Metformin ER and a 90 day supply was just over $30 . So many common medicines are really cheap but insurance distorts the pricing mechanism.
Take away their profits, stop all drug advertising, and maybe bigpharma might stop making drugs that cause other medical conditions because they can’t get rich from it anymore.
PHARMA suggests an “emergency!?!?” This is manufactured PHARMA nonsense!
This seems good. At the same time, regarding the Monster in the Room, nobody voted for President Lindsey Grump.
To be sure, Trump, for 10 years, assured us that he would never be like those prior wasteful, destructive leaders. MAGA, indeed.
His horriblly strange reversal / betrayal about yet another unnecessary warmongering mess has already been a disaster, with fall / winter bringing much worse.
$40 trillion in debt. President Lindsey Grump still barking about unnecessary war as if he has no memory.
“MAGA” was never about cultish bunk. Let’s call reality as it is: President Lindsey Grump needs to go.
This seems good. At the same time, regarding the Monster in the Room, nobody voted for President Lindsey Grump.
To be sure, Trump, for 10 years, assured us that he would never be like those prior wasteful, destructive leaders. MAGA, indeed.
His horriblly strange reversal / betrayal about yet another unnecessary warmongering mess has already been a disaster, with fall / winter bringing much worse.
$40 trillion in debt. President Lindsey Grump still barking about unnecessary war as if he has no memory.
“MAGA” was never about cultish bunk. Let’s call reality as it is: President Lindsey Grump needs to go.
It’s pretty early in the day to be that far down the bottle, isn’t it?
Huh? The man is dead. Maybe you should check the news now and then.
I believe he’s ranting about Trump.
Hard to tell when people slur their words.
I don’t understand but just got a explanation of benefits for a prescription that took 8 pages to say they paid the $.79 cost and I paid nothing.
WTH?