President Donald Trump has announced a slew of programs aimed at saving Americans money on prescription drugs, including a new website that will allow patients to buy them directly at discounted rates.
Trump announced a new agreement with Pfizer on Tuesday, revealing the pharmaceutical company will now offer its drugs to Medicaid at the lowest prices available to other developed countries, also known as most-favored-nation prices. Additionally, the “large majority” of Pfizer’s primary care treatments and some of its “specialty brands” will be discounted, the company said in a statement on Tuesday. The discounts will be 50 percent on average, but could reach as high as 85 percent, according to Pfizer.
