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

Ben Bradford Oct 26, 2018
HTML EMBED:
COPY
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
HTML EMBED:
COPY

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.

Click on the audio player above to hear more.

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.