Watch live: Trump to announce Medicaid drug pricing plan
Summary
President Trump will announce a new plan to help lower medicine costs through Medicaid, a health program for low-income people. This plan will allow Medicaid programs in all states to get certain drugs at the best prices given to other countries.Key Facts
- President Trump will give a speech about drug prices on Friday.
- The plan focuses on lowering costs for prescription drugs.
- Medicaid programs in all 50 states will be able to use “most favored nation” pricing.
- “Most favored nation” pricing means Medicaid will pay prices similar to the lowest prices other countries pay for the same drugs.
- Several state governors will join President Trump for the announcement in the Oval Office.
- This effort is part of the Trump administration’s ongoing work to reduce drug costs.
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