Trump unveils plan for cutting drug prices. Will it work?

Dan Gorenstein May 11, 2018
HTML EMBED:
COPY

Trump unveils plan for cutting drug prices. Will it work?

Dan Gorenstein May 11, 2018
HTML EMBED:
COPY

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?

Click the audio player above to hear the full story. 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.