What does Trump's deal with Pfizer mean for drug prices?
Reuters · Just In
Reuters
Just In
President Donald Trump, who has long argued that the U.S. pays more than it should for prescription medicines, on Tuesday said Pfizer had agreed to cut prices for drugs it sells to the Medicaid program. But what does this mean for drug prices?
Breakdown
- Trump announces deal with Pfizer to cut drug prices for Medicaid.
- Pfizer will participate in the TrumpRx website for Americans to buy drugs. 20s
- Pfizer pledges to reduce prices for most Medicaid treatments, but details are unclear. 35s
- Pfizer commits to launching new drugs at the same price in the U.S. as in other wealthy countries. 58s
- Uncertainty remains about the impact on other insurance plans and the use of confidential discounts. 1m 20s