President Trump promised Americans lower drug prices and in some areas drug price inflation has come down. Under Obama prices rose by more than 50% according to White House statistics. But Americans are still demanding lower prices. How do we achieve that without slowing the innovation process that leads to new life saving drugs and vaccines?
The administration is now moving forward with its years-long effort to implement an international pricing index (IPI) for prescription drugs. This time, it includes a “most-favored nation” (MFN) provision that would implement even stricter price controls than previously proposed and tie our nation to some of the most socialistic healthcare systems in the world. President Trump recently signed an executive order directing the implementation of this system.
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