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GOBankingRates
GOBankingRates
Heather Altamirano

Trump’s ‘Great Healthcare Plan’ Promises Lower Drug Costs — Will Your Pharmacy Bill Really Drop?

Mehmet Eser/ZUMA Press / SplashNews.com


President Donald Trump announced a new healthcare proposal he’s urging Congress to pass, dubbed ‘The Great Healthcare Plan,’ which aims to lower drug prescription costs and “puts more money in your pocket,” he said in a video released by the White House.

Part of the plan is to secure significant savings on prescription medications through the “most favored nation drug pricing policy.” While the proposal could save money for some, experts say whether your pharmacy bill actually drops depends heavily on your insurance, income and the fine print that hasn’t yet been revealed. 

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