Newsweek

The High Cost of Lowering Drug Prices the Trump Way

Without laws to enforce them, the president’s ideas to control drug prices will do just the opposite.
President Donald Trump meets with six Big Pharma executives on January 31 at the White House.
02_03_TrumpPharmaMeeting_01

On the last day in January, President Donald Trump met with chief executives from some of the wealthiest pharmaceutical companies in the United States to discuss the future of their industry. The Oval Office meeting, which was closed to the press after opening remarks, included an issue vital to most people not inside the room: the high price of pharmaceuticals.

“We have to get prices down,” the president said in his public introduction. “We have no choice.” He suggested several means toward that end, but veterans of the decades-long battle to lower drug prices say the proposed ideas are unlikely to accomplish anything—at least not without also harming patients.

Related: Should drug prices be capped?

Trump wooed the attending CEOs—representing six drugmakers plus , the industry’s chief

You’re reading a preview, subscribe to read more.

More from Newsweek

Newsweek7 min read
The Secret to Being an ADHD Whisperer
Penn and Kim Holderness are widely celebrated for their entertaining viral parody videos (singing included!) on topics ranging from parenting and helping kids with homework and masking up for the pandemic (to the tune of the Hamilton soundtrack) to “
Newsweek1 min read
Port Crisis
The Coast Guard leads the search on March 27 for six victims following the collapse of the Francis Scott Key Bridge, which occurred when the cargo ship Dali collided with it the day before. The 984-foot vessel, carrying nearly 4,700 containers, struc
Newsweek4 min read
Penn & Kim Holderness
Newsweek _ What made you want to write this book? Penn Holderness _ You write the book you need. I knew that I needed to write this book when I saw that raising a family added a new level of difficulty to my brain being able to handle multiple tasks

Related Books & Audiobooks