Reported 3 days ago
President Trump has intensified his campaign to lower drug prices by sending letters to CEOs of 17 pharmaceutical companies, including Pfizer and Eli Lilly, demanding they implement a most-favored-nations pricing model within 60 days. The move aims to align U.S. drug prices with those in other developed countries for Medicare and Medicaid beneficiaries. Trump's ultimatum comes amidst existing relationships between these companies and his administration, as he seeks to tackle the issue of high prescription costs that often surpass prices in other nations.
Source: YAHOO