Summary
President Donald Trump announced that nine major drug companies will follow his new policy to lower drug prices for Medicare and Medicaid. Prices will be reduced to match costs in other countries through a system called TrumpRx, set to start in January.
Key Facts
- President Trump announced a new plan to lower drug prices for Medicare and Medicaid.
- Nine major pharmaceutical companies joined the plan.
- The companies include Merck, GlaxoSmithKline, Sanofi, and others.
- Drug prices will align with those in other countries.
- The new pricing will be available through the TrumpRx platform, launching in January.
- Bristol Myers Squibb and Pfizer will provide the drug Eliquis for free to Medicare patients.
