Trump warns pharma companies to cut prices or be punished

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  • Trump warns pharma companies to cut prices or be punished

US President Donald Trump told major pharmaceutical firms Thursday to lower prices or face punishment, as he moved to give Americans relief from medicine costs much higher than elsewhere in the world.

In letters to 17 drug companies published on his Platform Truth Social, Trump said he wants the firms to work with his administration to institute a series of changes within 60 days. Trump is following up an on executive order he signed in May to address US drug prices that are among the highest in the world -- more than three times what people in similarly developed countries pay, the White House said Thursday.

Trump said Thursday he wants the companies to extend this pricing policy to medications used by older people under the government-backed health program Medicaid. He also wants this status to apply to new drugs, Trump said in the letters.

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Trump warns pharma companies to cut prices or be punished
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US President Donald Trump told major pharmaceutical firms Thursday to lower prices or face punishment, as he moved to give Americans relief from medicine costs much higher than elsewhere in the world.In letters to 17 drug companies published on his Platform Truth Social, Trump said he wants the firms to work with his administration to institute a series of changes within 60 days. Trump is following up an on executive order he signed in May to address US drug prices that are among the highest in the world -- more than three times what people in similarly developed countries pay, the White House said Thursday.Trump said Thursday he wants the companies to extend this pricing policy to medications used by older people under the government-backed health program Medicaid. He also wants this status to apply to new drugs, Trump said in the letters.mitv
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