Trump Sets Sights On Lower Drug Prices
(ReliableNews.org) – The high cost of prescription drugs in the US is an obstacle many Americans face. In fact, outrageous prices for medications, like insulin, are literally killing people. Solving this problem has been one of President Donald Trump’s priorities for years, and now he may finally be doing it.
On July 24, President Trump signed four executive orders that will hopefully lower the cost of prescription drugs.
President @realDonaldTrump signed four executive orders yesterday to massively lower prescription drug costs!
Get the factshttps://t.co/6Rlid6gKkN
— The White House (@WhiteHouse) July 25, 2020
Here’s a breakdown of the orders:
- The Executive Order on Access to Affordable Life-saving Medications will allow people without adequate health insurance to buy insulin and epinephrine (medication for allergic reactions) from federally-qualified health centers for a price that “aligns with the cost” at which the centers “acquired the medication.”
- Trump’s Executive Order on Increasing Drug Importation to Lower Prices for American Patients will make it easier for Americans to purchase certain medications from Canada.
- The third action, the Executive Order on Lowering Prices for Patients by Eliminating Kickbacks to Middlemen bans backroom, secret deals between drug manufacturers, pharmacy benefit managers, and health plan sponsors, to ensure Americans get the lowest price for medications.
- The fourth order has not been published yet. It’ll require Medicare to pay the same price for Medicare Part B drugs that other countries play. President Trump is not implementing this order until August 24, in an attempt to give pharma companies time to make a deal.
Lawmakers on both sides of the aisle have promised to lower prices for years, but never got the job done. When President Trump took action, though, he was immediately accused of using it as some kind of ploy to get people to vote for him. Apparently, keeping people alive is political now, who knew?
Copyright 2020, ReliableNews.org