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President Trump hyped his drug pricing plan as a big step forward—it’s very clearly not. In fact, when he announced his plan to bring drug companies’ prices down, their stocks actually went up.
While campaigning, President Trump constantly brought up the idea of negotiating lower prices through Medicare—but it’s nowhere to be found in his proposal. As with so many other issues, President Trump talked a big game, and then, instead of backing it up, he backed away.
In fact, despite his claim that he was ‘very much eliminating the middlemen,’ his plan includes proposals which would have the opposite effect—empowering the companies he calls middlemen, without any data to suggest it will bring down prices for patients.
President Trump listing proposals from his partisan budget as accomplishments to reduce drug costs is like saying dinner is served dinner when you’ve only written a grocery list. And in this case, most of the ingredients are for a big nothing-burger.
This must happen. We cannot afford our meds in retirement.
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