Pfizer Agrees To Offer Discounted Drugs Through New Federal Website, Trump Announces

Donald Trump announced connected Tuesday that Pfizer, nan medicine supplier manufacturer, has agreed to connection medications astatine “heavily discounted prices” done a website operated by nan national government.

The corp besides agreed to connection each medications to Medicaid, nan nationalist wellness security scheme for low-income Americans and others, astatine “most favored nation” pricing, which intends tying nan costs of narcotics successful nan US to nan lowest value paid elsewhere.

“It’s going to person a immense effect connected bringing Medicaid costs down for illustration thing else,” Trump said during a press conference pinch Pfizer’s CEO, Albert Bourla, and Robert F Kennedy Jr, nan US wellness secretary.

The announcement comes aft nan president has for years blamed nan high price of medications connected supplier companies and pledged to little those costs. In nan United States, prices for narcotics were almost 3 times higher than those of 33 different countries successful 2022, according to a study from nan Rand Corporation.

And it comes arsenic nan authorities is connected nan brink of a shutdown, pinch Democrats pointing fingers astatine Republicans for approving heavy cuts to nan Medicaid programme and different wellness information nets. The Congressional Budget Office estimated that nan Trump-backed measure would lead to 16 cardinal more uninsured group by 2034.

On Tuesday, Trump announced that nan discounted narcotics will beryllium disposable done TrumpRx.com, which does not look to beryllium unrecorded yet. “Prescriptions narcotics pinch huge discounts will beryllium disposable astatine TrumpRx,” publication a placard shared connected X by Karoline Leavitt, nan White House property secretary.

The president besides said that nan management was moving pinch different supplier companies to unafraid akin agreements.

Bourla, for illustration Trump, said nan different countries had not paid their “fair stock for nan aesculapian innovation. And arsenic a result, Americans had to presume disproportional costs connected their shoulders.”

“The large victor intelligibly will beryllium nan American patients, location is nary doubt,” Bourla said. “They are nan ones that will spot a important effect connected their expertise to bargain medicines.”

But galore Americans are worried astir increased healthcare costs aft nan provisions of nan spending measure spell into effect.