Mon, May 12, 2025
Sun, May 11, 2025

Trump seeks to match US drug costs with cheaper ones abroad

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He said in a social media post that pharmaceutical prices could drop 30% to 80%.
In an article published on May 11, 2025, by Fortune, it is reported that former President Donald Trump has proposed a new policy aimed at reducing drug costs for Americans by aligning U.S. prices with the lower prices found in other countries. The proposal would allow Medicare and Medicaid to negotiate drug prices directly with pharmaceutical companies, using the lowest price available in a basket of comparator countries as a benchmark. Trump argues that this approach would significantly lower the cost of prescription drugs for millions of Americans, addressing a long-standing issue of high drug prices in the U.S. The article notes that while the proposal has garnered support from some patient advocacy groups, it faces opposition from the pharmaceutical industry, which argues that such measures could stifle innovation and lead to reduced investment in new drug development.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/11/trump-drug-costs-match-cheaper-prices-abroad-medicare-medicaid/ ]