Americans spend more on prescription drugs than any other nation. This fact is driven not just by volume but by staggering costs. Unlike in Europe, the US government has historically refrained from directly intervening in price setting. While modest changes under then-President Joe Biden offered some relief for seniors, his successor, Donald Trump, has vowed to aggressively slash US drug…
Tag: Big Pharma
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Lower Pharmaceutical Prices: Trump’s Bold Ultimatum
President Donald Trump has dramatically escalated his campaign against high medicine costs. He issued a stark ultimatum to 17 of the world’s leading pharmaceutical firms. In a move aimed at achieving lower pharmaceutical prices, the President demanded that they slash prices for American consumers. He wants them to match what is paid in other developed nations, setting a 60-day deadline…