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WATCH: Trump unveils deal with Regeneron to lower its drug prices for Medicaid

WATCH: Trump unveils deal with Regeneron to lower its drug prices for Medicaid

Summary

President Donald Trump announced a deal with the drug company Regeneron to lower prices for its medicines on Medicaid, the government program for low-income people. The deal includes selling a cholesterol drug called Praluent for $225 on the White House's discounted drug website, TrumpRx.

Key Facts

  • President Trump revealed the deal on a Thursday announcement.
  • Regeneron agreed to lower prices on all current and future drugs sold through Medicaid.
  • The cholesterol drug Praluent will be sold for $225 on the TrumpRx website.
  • TrumpRx is a White House website offering discounted drug prices.
  • The deal is part of the Trump administration's effort to reduce drug costs.
  • These efforts come ahead of the November midterm elections.
  • Many Americans are concerned about high costs for health care and other basic needs.
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