President Trump’s announcement yesterday concerning prescription drug prices was pretty interesting, and sure to start a big debate, as Ed noted in his take apart of it earlier this morning.
Is this a return to Nixonian price controls? Or is this an effort to enforce equitable trade policy and fairness in American markets?
Yes… kinda. Donald Trump announced yesterday that he would sign an executive order that would force drug companies to provide equal pricing for prescription medication between their domestic and international markets, part of a White House effort to seize the high ground on health care. If successful, it could reduce pressure to make cuts to benefits from Medicare and Medicaid, which would make House Republicans happy for the moment. But that’s still a big if, especially when Big Pharma decides to lawyer up.
Trump’s action yesterday…
