Would you like to see the cost of prescription medications cut by 40-85%?

It’s coming and it’s coming via something new called “TrumpRx”.

You gotta love it:

The NY Post had more details here:

President Trump announced the launch of a new website Tuesday giving Americans the chance to buy drugs directly from the government rather than going through insurance.

Trump, 79, also announced that Pfizer plans to lower its prices on some medications distributed in the US, predicting Americans will save “hundreds of millions of dollars a year.”

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“I think it’s one of the biggest things that we’ll do. We’ll be reducing drug prices by 100% in some cases, 300% or more,” Trump told reporters on the South Lawn of the White House ahead of the announcement.

“Pfizer is committing to offer all of their prescription medications to Medicaid, and it will be at the most favored nation’s prices,” the president said moments later in the Oval Office. “It’s going to have a huge impact on bringing Medicaid costs down like nothing else.”

Most favored nation (MFN) prices are calculated by taking net consumer prices and comparing them against her wealthy countries.

The price then gets negotiated with the US market in mind.

Pfizer also agreed to provide some of their popular medications at discounted rates of between 50 and 100%, and all new medications announced will be offered at the most favored nation rate to the US, Trump said.

Among the medications available on TrumpRx at the reduced rate are Xeljanz for rheumatoid arthritis (40% discount), Zavzpret for migranes (50%), Eucrisa for dermatitis (80%), and Duavee for female osteoporosis (85%).

Watch President Trump make the announcement right here:

I don’t love the association with Albert Bourla, but I suspect this is likely a case of “keep your enemies closer”:

Here is the full Fact Sheet direct from the WhiteHouse.gov:

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Fact Sheet: President Donald J. Trump Announces First Deal to Bring Most-Favored-Nation Pricing to American Patients

This is a Guest Post from our friends over at WLTReport. View the original article here.
 

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