Fact Sheet: President Donald J. Trump Announces Lower Drug Prices for All 50 State Medicaid Programs

Filed 58m ago · Via White House · The Buffoon Desk

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Kool Kats

Kevin MacLeod · incompetech.com · CC BY 4.0

Photo: Chicago Tribune · Public domain · via Wikimedia Commons

The White House says all 50 state Medicaid programs will now get drug prices matched to the lowest paid by other developed nations, under agreements the administration struck with pharmaceutical manufacturers.

It cites a Council of Economic Advisers estimate of $64.3 billion in taxpayer savings over the next decade, and frames the move as ending a longstanding practice of charging American patients more than patients elsewhere for identical drugs.

The release does not detail how the pricing agreements are enforced, what happens if manufacturers don't comply, or independent verification of the savings figure beyond the administration's in-house estimate.

The full dispatch is available from the source below.

✒ FROM THE EDITORIAL DESK

An estimate from the same administration that announced the deal is not exactly an audit, it is more like asking the fox how many hens are left. The number sounds nice printed in bold, but nobody outside the building has checked the math yet. Ten years is a long time to wait to find out if $64.3 billion was a real figure or a number somebody liked the sound of.

Source: Read the original at White House → Scored: Kool Kats · Kevin MacLeod · CC BY 4.0

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