Republican front-runner Donald Trump says he could save Medicare billions of dollars by getting the massive federal agency to negotiate prices with the major pharmaceutical companies.
Trump told an enthusiastic crowd of about 1,000 people packed into a high school gymnasium Monday night in Farmington, N.H., that Medicare could “save $300 billion” a year by getting discounts as the biggest buyer of prescription drugs.
Said Trump: “We don’t do it. Why? Because of the drug companies.”
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The Swiss pharmaceutical company that paid President Trump’s personal lawyer $1.2 million in 2017 for [URL='https://talkingpointsmemo.com/livewire/cnn-mueller-team-questioned-russian-oligarch-over-payments-for-cohen-politics']access to the President, paid Michael Cohen nearly four times more than any of the actual lobbyists it employs to garner influence in Washington.[/URL]
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May 11, 2018
WASHINGTON — President Trump vowed on Friday to “bring soaring drug prices back down to earth” by promoting competition among pharmaceutical companies, and he suggested that the government could require drugmakers to disclose prices in their ubiquitous television advertising.
But he dropped the popular and populist proposals of his presidential campaign, opting not to have the federal government directly negotiate lower drug prices for Medicare. And he chose not to allow American consumers to import low-cost medicines from abroad.
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Pharma stocks boom after Trump's drug speech
