Exclusive: Sen. Welch would back Trump's most favored nation drug policy plan
Summary
Senator Peter Welch, a Democrat from Vermont, said he supports President Trump's plan to lower drug prices by making U.S. prices similar to those in other rich countries. Welch wants the president to propose a bill so Congress can pass the plan into law.Key Facts
- Senator Welch spoke in favor of President Trump's "most-favored nation" drug pricing policy.
- The policy aims to reduce U.S. drug prices to match the prices paid by other developed countries.
- Welch said he would actively work to pass this plan into law.
- President Trump has not yet introduced legislation for this policy.
- Some Democrats worry that Trump's deals with drug companies may help the companies more than patients.
- Welch and Republican Senator Josh Hawley are working on a bill to stop drugmakers from charging Americans more than the average international price.
- Welch presented this bipartisan bill as a possible model for President Trump's plan.
- The issue is important because many Americans are worried about affording prescription drugs.
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