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Trump Announces New Measures to
Lower Price of Prescription Drugs

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Posted By: Judy W., 11/21/2020 6:14:07 AM

President Donald Trump on Friday announced measures that he says will “dramatically lower” the price of prescription drugs for Americans. The first action ends rebates to middlemen in Medicare and passes those rebates to Americans. “Currently, drug companies provide large discounts on the price of prescription medicines, including nearly $40 billion in rebates to Medicare Part D plans last year alone,” Trump said at a press conference on Friday. “Yet often, middlemen stop those discounts from going to the patients.” “Today’s action ends this injustice and requires that these discounts go directly to the people. These are the people that need it,” Trump said, adding that savings could

Comments:

I'm not an economist and I can't tell if there are hidden downsides to this. (I always think twice about attacks on "middlemen" ever since I read Thomas Sowell's explanation of their value. But in this case it might be a corrupt setup; I just don't know.) On its face, it looks pretty good to me. The essence seems to be getting rid of special-interest favors and kickbacks.

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Reply 1 - Posted by: IowaDad 11/21/2020 6:53:46 AM (No. 612155)
Excellent reforms! This type to thinking is impossible if we only elect career politicians who have had their hands in the till for decades. Now if he could force all hospitals to publish their contracts with suppliers and insurers . . .
8 people like this.

Reply 2 - Posted by: Rinktum 11/21/2020 7:10:12 AM (No. 612165)
God bless our President. He is in there every day fighting the good fight on behalf of the American people. We have never had a President in modern history as committed to the country and its people more than Donald J. Trump. I am so proud of the work he continues to do every single day. Thank you is not enough.
23 people like this.

Reply 3 - Posted by: RedWhiteBlue 11/21/2020 8:49:15 AM (No. 612246)
Notice the self praising commercials that Sen. Gary Peters (Mi) was putting out how he worked on lowering the cost of drugs? What a fake little man that Michigan keeps re-election along with Stabenow! I cannot find anything relating to him lowering the cost of drugs. He's iding the free ride of Trump's slipstream! and the loons in that state are sopping it up. That's all he's doing...
3 people like this.

Reply 4 - Posted by: Strike3 11/21/2020 8:56:39 AM (No. 612257)
What's with the discount plans and programs like GoodRX? Is that tapping into discounts that pharmacy customers should already have?
3 people like this.

Reply 5 - Posted by: kono 11/21/2020 11:08:55 AM (No. 612446)
Neato. But anything enacted by executive order is subject to being repealed by subsequent executive order. These orders, which should be the exception, seem to have become the norm throughout most levels of government. Decreemocracy is cringe-worthy, at best.
1 person likes this.

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