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President Trump's Plan to Lower Drug Prices
May 14, 2018 at 02:09 PM
Photo by Matvevna

The Quick Facts

  • Last Friday, President Trump unveiled his plan to lower prescription drug prices.
  • The plan included some broad suggestions that could give the government better leverage when negotiating with pharmaceutical companies.
  • It also suggested that the United States should pressure other nations to raise their prescription drug prices, because, according to President Trump and many pharmaceutical companies, these countries are "free-riding" off of American innovation.
  • In addition, President Trump said he might require pharmaceutical companies to reveal a drug's price in advertisements, he wants to ban gag-clauses for pharmacists, and he wants to make it tougher for companies to use loopholes to hold onto patent protections.

Food For Thought

What are the strengths and weaknesses of President Trump's plan to lower drug prices?

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