Re: PING! Michael

On 11/23/2024 4:38 PM, Michael Trew wrote:

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Pharmacuiticals may be the hard spot?  Single sourced ones.

 Gosh, our pharmaceuticals are expensive enough as it is.

Trump brought prescription pricing DOWN:
https://trumpwhitehouse.archives.gov/articles/congress-didnt-act-on-prescription-drug-prices-so-president-trump-did/
The President signed four sweeping executive orders on Friday, which together will significantly lower the cost of prescription drugs while increasing access to life-saving medications such as insulin:
The first order directs federally qualified health centers to pass along massive discounts on insulin and epinephrine from drug companies to low-income Americans.
The second order will allow the safe, legal importation of prescription drugs from Canada and other countries where the price for identical drugs is lower.
The third order will prohibit secret deals between drug manufacturers and pharmacy “benefit manager” middlemen, ensuring patients directly benefit from available discounts at the pharmacy counter.
The fourth order ensures the United States pays the lowest price available among economically advanced countries for Medicare Part B drugs. The United States often pays 80 percent more for these drugs than other developed nations.
“The four orders that I’m signing today will completely restructure the prescription drug market, in terms of pricing and everything else, to make these medications affordable and accessible for all Americans,” President Trump said.
And will do so again:
https://www.donaldjtrump.com/news/efa58b1e-ba3f-4679-91a0-1febc3035188
President Trump capped insulin costs at $35 — then Harris-Biden took credit:
President Trump capped Medicare enrollees’ out-of-pocket copays for insulin at $35/month — saving beneficiaries an average out-of-pocket savings of 66%.
President Trump signed an executive order aimed at making insulin and EpiPens more affordable — but was blocked by the Harris-Biden administration almost as soon as they took office.
Now, the Harris-Biden administration wants credit for something President Trump accomplished.
President Trump took additional action to lower the prices of prescription drugs — many of which were also blocked by Kamala Harris and Joe Biden as they take credit for others:
President Trump issued an executive order that would have lowered prescription drug costs by eliminating kickbacks to middlemen, such as pharmacy benefit managers and health plan sponsors, ultimately lowering prescription drug costs for seniors by 30% and ensuring prices would not increase if Medicare premiums did.
The Harris-Biden administration blocked it from taking effect.
President Trump issued an executive order to allow the safe, legal importation of prescription drugs from Canada and other countries where the price for identical drugs is lower — a policy Harris-Biden embraced.
President Trump issued an executive order that would have ensured the United States pays the lowest price available among economically advanced countries for Medicare Part B and D drugs — the “Most Favored Nation” model.
The Harris-Biden administration blocked the model as they continue to complain other countries pay lower drug prices.