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President Donald Trump on Friday took the wraps off his long-awaited plan for cutting drug prices. In a speech, the president announced measures to increase competition and pricing transparency as ways to drive down costs, which have been spiraling. He did not put forward any plan to use the huge buying power of the federal government's Medicare program to directly negotiate lower prices for seniors. That's something candidate Trump pledged to do. Americans are seeking relief from ever-rising prescription costs. Will Trump's plan accomplish that?

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Follow Dan Gorenstein at @dmgorenstein