Trump looking to cut US drug prices to international levels: Report

Quick Summary:

The prices for the first 10 prescription drugs it negotiated were still on average more than double, and in some cases five times, what drugmakers had agreed to in four other high-income countries, Reuters previously reported.

Trump has not publicly raised the idea of reference pricing since taking office, but conservative think tank the America First Policy Institute has.

Drug pricing and other pilots are typically run within the Centers for Medicare and Medicaid Services' innovation center, known as CMMI, and can extend for years to either Medicare, Medicaid or both.

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Article Details

Category: BusinessFinance

Markets: IndiaGermany

Topics: International reference pricing Cms drug pricing Trump healthcare policy Pharmaceutical prices Pharma industry news Us drug costs Trump drug pricing Medicare drug policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 16:18:51 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 850 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28142772

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