WATCH: Trump says more pharmaceutical companies will lower drug prices
Summary
President Donald Trump announced that nine more drug companies will offer lower prices for their medicines to state Medicaid programs. He spoke about a plan to make drug prices in the U.S. match or be lower than prices in other countries.Key Facts
- President Trump said nine additional pharmaceutical companies will lower drug prices for Medicaid.
- Medicaid is a government program that helps low-income people pay for medical care.
- The price cuts come under a plan called the "most favored nation" pricing system.
- This system aims to make U.S. drug prices match or be less than prices in other countries.
- The announcement took place in the Oval Office with business leaders present.
- The goal is to reduce the cost of prescription medicines for state healthcare programs.
- President Trump emphasized the importance of affordable drug prices for Americans.
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