Summary
President Trump has launched a new initiative called TrumpRx to help lower prescription drug prices in the United States. This program offers discounted prices on over 40 popular medications through a government-backed website. The initiative aims to give consumers more control over their drug expenses without relying solely on government price setting.
Key Facts
- President Trump launched TrumpRx to reduce prescription drug prices.
- TrumpRx offers over 40 high-demand medications at discounted prices.
- The program's platform is set to expand, adding more drugs in the future.
- TrumpRx helps patients avoid complex intermediary pricing by providing direct discounts.
- A limitation is that TrumpRx purchases don't currently count toward insurance deductibles, but plans are in place to change this.
- The Federal Trade Commission reached a settlement with Express Scripts to credit TrumpRx costs toward deductibles.
- A new law signed by President Trump requires PBMs to be more transparent with drug pricing and data.
- The program targets uninsured patients and those with health savings accounts or gaps in insurance coverage.
