Trump Admin Threatens Drug Makers With Price Controls

White House Press Secretary Karoline Leavitt announced on Thursday that President Trump had sent 17 letters to pharmaceutical CEOs, demanding lower drug prices and warning that he would “deploy every tool” at his disposal to enforce reductions.

Leavitt read aloud from Trump’s letter to Eli Lilly CEO David Ricks, in which the president vowed to end “global freeloading.” Trump also referenced an executive order he signed in the spring, tackling the issue of pharmaceutical prices.

“This unacceptable burden on American families ends with my administration,” the letter continued.

In the letter, Trump demanded that drug makers who do business in the U.S. take action within 60 days, warning “if you refuse to step up, we’ll deploy every tool in our arsenal to protect American families from continued abusive drug pricing practices.”

The letter called to “extend the most favored nation pricing to Medicaid, guarantee most favored nation pricing to newly launched drugs, return increased revenues abroad to American patients and taxpayers, and provide for direct purchasing at most favored nation pricing.”

Leavitt went on to say that Trump “expects to further engage with [the CEOs] immediately in good faith.”

In May, Trump issued an executive order designed to cut prescription drug prices by 30% to 80%, as he announced on Truth Social.

F M

Related Posts

The MILLIONAIRE’S SON Was BLIND… until a LITTLE GIRL pulled something from his eyes that no one could imagine…

He had lived in darkness for twelve years, and no one suspected the terrifying secret hidden inside his eyes. Ricardo, a technology tycoon, had tried everything—top specialists…

8 Strange Signs Your Body Is Begging for More Vitamin B12 – Don’t Ignore These Red Flags

Here are 8 unusual—but real—signs your body might be crying out for more B12. If you notice these, especially in combination, talk to your doctor about testing….

Billionaire Walked Into The Most Exclusive Restaurant Wearing A Stained Hoodie

My name is Jonathan Hale. If you follow business news or skim Bloomberg, you might recognize me as the founder and CEO of Hale Systems. On paper,…

CHEESY BEEF AND POTATO STUFFED ROLL

Imagine a golden, buttery roll—crisp on the outside, soft within—stuffed with savory ground beef, creamy mashed potatoes, melted cheddar, and a hint of garlic and herbs. This…

For days, a six-year-old girl refused to write a single word. On test day, she hid in the bathroom

The clock on the wall of Oakwood Elementary’s Room 302 didn’t tick; it pulsed. It was a rhythmic, oppressive sound that seemed to synchronize with the collective…

Barron Trump’s Wealth Unveiled: How He Exceeded His Mother’s Fortune by Age 19

Barron Trump’s Stunning Net Worth Surpasses Melania’s at Just 19 Barron Trump’s astonishing net worth has now been revealed — and the president’s youngest son is officially…

Leave a Reply

Your email address will not be published. Required fields are marked *