Posted by Michael Wonder on 12 May 2018
President Donald J. Trump’s blueprint to lower drug prices
11 May 2018 - One of my greatest priorities is to reduce the price of prescription drugs.
President Donald J. Trump’s blueprint includes new actions and proposals to drive down drug prices for all Americans.
President Trump’s blueprint will seek to encourage innovation, while also promoting better price competition and addressing foreign freeloading.
The Department of Health and Human Services will:
- Take steps to end the gaming of regulatory and patent processes by drug makers to unfairly protect monopolies.
- Advance biosimilars and generics to boost price competition.
- Evaluate the inclusion of prices in drug makers’ ads to enhance price competition.
- Streamline and accelerate the approval process for over-the-counter drugs.
- Speed access to and lower the cost of new drugs by clarifying policies for sharing information between insurers and drug makers.
