Summary
President Donald Trump announced a new website, TrumpRx, set to launch in early 2026. This site will allow Americans to buy prescription drugs at discounted prices directly from pharmaceutical companies. Pfizer has agreed to offer significant discounts on its medicines as part of the program.
Key Facts
- TrumpRx is a website for buying discounted prescription drugs directly from pharmaceutical companies.
- The website is expected to launch in early 2026.
- Pfizer, a major pharmaceutical company, will provide discounts up to 85% for drugs purchased through TrumpRx.
- The program includes discounts for people without insurance and participants in Medicaid, a government insurance program for low-income individuals.
- "Most favoured nation" prices refer to lower drug prices that other countries pay and are part of this initiative.
- The stock prices of pharmaceutical companies rose following the announcement of TrumpRx.
- President Trump aims to lower drug prices in the US, arguing that Americans currently pay higher prices to subsidize healthcare in other countries.
