Crown Politics

Trump promises sweeping drug price cuts, targets lobbyists, cheap overseas prices

Saying the drug lobby is making “an absolute fortune” on American consumers, President Donald Trump promised lower prices at the pharmacy counter soon in a speech Friday about his long-awaited plan to cut prescription drug prices.

“We are launching the most sweeping action in history to lower the price of prescription drugs for the American people,” he said.

The plan could offer some financial relief for the approximately 150,000 Mainers on Medicare, as well as other consumers at the pharmacy counter.

“Paying for the high cost of prescription medications puts a heavy burden on individuals already suffering financially. Today’s announcement from the Trump administration is a pivotal step toward ensuring that Americans have access to the medications they need, at an affordable price,” Maine Department of Health and Human Services spokeswoman Emily Spencer said in an email to the Bangor Daily News.

Before the announcement, industry experts said they expected the plan to have little impact on pharmaceutical companies. Trump had attacked prescription drug companies for high drug prices during his election campaign.

The Fiddlehead Focus/St. John Valley Times is pleased to feature content from our sister company, Bangor Daily News. To read the rest of “Trump promises sweeping drug price cuts, targets lobbyists, cheap overseas prices,” an article by contributing Bangor Daily News staff writer Lori Valigra, please follow this link to the BDN online.

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