'Unrigging the system,' Trump signs executive orders to lower prescription drug prices
By: Nicholas Ballasy (Just The News)
S E E D E D C O N T E N T
President Trump said Friday that he's "unrigging the system" with executive orders aimed at reducing the prices of prescription drugs in the U.S.
One of the executive orders would provide discounted insulin and EpiPens to low-income Americans, which Trump said would bring the cost down to "pennies a day."
The president explained that community health centers would have to pass the savings they receive on the drugs onto their patients.
Another order would allow "states, wholesalers and pharmacies" to safely import prescription drugs from Canada -a change Trump said the Obama-Biden administration wasn't able to make
"We're standing up to the lobbyists and special interests," the president said in a White House event. "I'm unrigging the system that is many decades old."
A third order seeks to prevent "middle men and women" from "making a fortune" on drugs for Medicare patients, the president said. The rule would pass on the "billions" that distributors receive on drugs from pharmaceutical companies as a way to reduce the price for patients.
"Some very rich people are not going to like me very much today," Trump said.
Trump explained that the fourth executive order, if implemented, would target the issue of how the exact same drugs cost more in the U.S. compared to other countries such as Germany. Trump said Medicare would be required to purchase drugs at the same price other countries pay.
"We aren't even allowed to negotiate the price of drugs, can you believe it?" he asked. "We're restricted by Congress."
Trump said the world probably looks at the U.S. and says, "Where the hell did these people come from?"
Trump announced that top executives from pharmaceutical companies will meet with him next week at the White House about drug pricing issues.
"If these talks are successful, we might not need to implement the fourth executive order, which is a very tough order for them," he said.
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Yup, Americans always got stuck paying the most for prescription drugs. Something just got done!
There go big-pharm's campaign donations - So without them I guess he's got to do SOMETHING to buy the people's votes Actually it may even benefit Canada, and that's a good thing for me.
Actually it may effect Canada's supply:
"(Bloomberg) -- President Donald Trump announced new policies Friday aimed at lowering prescription drug prices under Medicare by linking them to rates paid in other countries and allowing Americans to buy medication imported from Canada.
Comrade Adam says:
Comrade Adam has perhaps misjudged President Trump. Have thought him bourgeois capitalist writ large. Now see error.
Comrade!
Two Communist wives, Communist father-in-law, secret phone calls to KGB Putin. Now is clear. Not to profit self. No, No, No.
All to give gift of command system economy to politically impoverished proletariat of United States.
Is small first step but as Marx say " From each according to his ability, to each according to his needs". Drug companies and supply chain have many abilities - Comrade Adam have many needs.
Next step Federal Reserve perhaps purchase drug makers financial bonds .
Next step would be Federal Reserve to purchase actual stock s. Legal? Maybe, maybe not - but can be done if tricky enough.
Soon we all be good comrades in President for life Trump's USSRD - United States of Socialist Republicans and Democrats.
No more arguments here about politics.
We argue safe things like should serve deviled eggs at church picnic .
Right. If Obama had pulled this you would expect us all to fall and worship at his feet. Trump does it and he is a Putin lackey once again.
TDS sufferers are simply pathetic.
The answer to that spiel, comrade, is that once democrats had the US government involved in paying for peoples prescriptions someone had to control the price that taxpayers were paying. It was a great game while it lasted, with Europe & Canada getting discounts from Big Pharma, while Americans paid the balance.