17 October 2017 - President Donald Trump isn’t done talking about U.S. drug prices, and investors aren’t done worrying about what he might do.
At a cabinet meeting in Washington Monday, Trump said U.S. drug prices are “out of control” and that “the world is taking advantage of the United States.” Trump said he wants to bring U.S. drug prices -- which are generally higher than in other countries -- to parity.
“The same exact drug by the same exact company, made in the same exact box and sold someplace else, sometimes it’s a fraction of what we pay in this country,” Trump said. “Meaning, as usual, the world is taking advantage of the United States. They’re setting prices in other countries, and we’re not.”