Summary
President Trump announced the launch of "TrumpRx," a government website offering discounted drugs with Pfizer as its first partner. The site aims to lower U.S. drug prices by providing certain medications at reduced costs for uninsured patients, aligning with Trump's "most-favored-nation" pricing policy.
Key Facts
- "TrumpRx" is a new government website aiming to reduce drug prices in the U.S.
- Pfizer is the first drug company to partner with TrumpRx, offering discounted drugs.
- The website is expected to launch next year and is not currently active.
- The site will not sell drugs directly but will direct users to buy from manufacturers.
- The initiative targets uninsured patients who might pay less than cash prices.
- Pfizer plans to offer drugs to Medicaid at global competitive prices.
- The company will invest $70 billion in U.S. manufacturing and research.
- Trump signed an executive order encouraging drug companies to lower prices.
