President Donald Trump said he plans to sign a “very inclusive” health-care plan “very soon” — perhaps as soon as Sunday — that will result in Americans paying significantly less for pharmaceutical drugs.
“I want what’s right for the people,” he said at a press briefing in Florida on Friday. “We’re going to bring our drug prices down to levels that nobody ever thought possible.”
Trump described on Friday a “favored nations” plan under which his administration would take the country that has the lowest drug prices as the yardstick for what Americans should be charged.
While he provided few other details, on July 24, Trump announced plans for executive orders to lower prescription drug prices under Medicare by linking them to rates paid in other countries and allowing Americans to buy medication imported from Canada.
He’s been seeking to repair his standing on health-care issues, particularly with senior voters. Polls have shown sentiment is souring over his handling of the coronavirus pandemic and efforts to eliminate the Affordable Care Act without having a ready replacement.
McLaughlin & Associates, a consulting and polling firm, produced a memo on July 29 for Republican leaders saying that “price transparency is