Trump aims to lower drug prices by basing them off what other countries pay

Ben Bradford Oct 26, 2018
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A pharmacist fills a prescription drug order at a pharmacy in Chicago, Ill. Tim Boyle/Getty Images

Trump aims to lower drug prices by basing them off what other countries pay

Ben Bradford Oct 26, 2018
A pharmacist fills a prescription drug order at a pharmacy in Chicago, Ill. Tim Boyle/Getty Images
Share Now on:
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President Trump is proposing a major shift in how the government pays for high-cost drugs for seniors, saying it could lower prices as much as 30 percent. The timing — two weeks before an election where health care remains a prominent issue — may be political. The plan calls for Medicare, starting in 2020, to seek the much lower prices that European countries get for some of the most expensive drugs dispensed by doctors.

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