TRUMP ADMINISTRATION COMES UP WITH A NEW POLICY TO LOWER THE COST OF PRESCRIPTION DRUGS

Highlights

• Announcing the new policy at the White House, President Donald Trump said “The drug companies don’t like me too much. But we had to do it.”

• According to the Trump administration, this new policy is likely to save $28 billion over the period of seven years for Medicare recipients through lower copays

• The most favored nation rule would lead to harmful price controls ....