Trump's Missed Opportunity on Drug Pricing

Trump's Missed Opportunity on Drug Pricing
AP Photo/Carolyn Kaster

President Trump last Friday unveiled a plan to, “Bring soaring drug prices back down to earth.” Acknowledging that the current system is broken, with drug prices beyond the reach of many patients, the President's plan targets drug patents, pharmacy benefits managers, and drug pricing negotiated by foreign countries.

Yet he misses one of the big elephants in the room, the fact that here in the US, Medicare is forbidden to negotiate what they pay for prescription drugs. Back in 2016, he was on the same page with Hillary Clinton and Bernie Sanders, wanting a change in the 2003 law banning Medicare from negotiating drug prices.

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