Donald Trump Strikes New Drug Price Deal as Democrats Eye Midterm Gains
Summary
President Donald Trump announced that all 50 states will join a new Medicaid drug pricing program called GENEROUS. This program aims to lower the prices Medicaid pays for certain medicines by comparing U.S. prices with prices in other developed countries.Key Facts
- The GENEROUS model stands for "GENErating cost Reductions fOr U.S. Medicaid."
- It uses international price comparisons from eight countries to set target drug prices for Medicaid.
- States decide which drugs to include but must follow standard rules set by the government and drug makers.
- The program started in January as voluntary but now all 50 states participate.
- The goal is to reduce drug costs and save billions of dollars for Medicaid over the next decade.
- Savings depend on factors like which drugmakers participate and which medicines are covered.
- The program focuses on brand-name drugs, including single-source and innovator types.
- Medicaid is a joint federal-state health program for low-income Americans and already negotiates drug rebates.
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