President Trump will announce the launch of the TrumpRx website Thursday night, Trump advisers tell Axios, moving ahead with a plan to offer discounted drug prices through special agreements with drug companies.
Why it matters: The launch will allow people to buy medications directly through the new government portal with discounts the White House has negotiated with the drug manufacturers.
- The announcement is scheduled for 7pm ET.
Context: The site will offer discounts on drugs from major drug companies including Pfizer, AstraZeneca, EMD Serono, Eli Lilly and Novo Nordisk.
- The site will require patients to pay cash and is likely to mainly benefit patients who don't use health insurance.
Zoom in: The announcement is part of the Trump administration's campaign to lower costs for Americans still stung by post-COVID era inflation.
- "This is about affordability," a Trump adviser said.
- Mehmet Oz, the former TV doctor who now serves as Centers for Medicare and Medicaid Services administrator, will join Trump, as will National Design Studio Director Joe Gebbia, a co-founder of Airbnb who served on Trump's Department of Government Efficiency task force.
What they're saying: "This historic announcement will impact millions of Americans. You won't want to miss it! Tune in," White House press secretary Karoline Leavitt told Axios.
Editor's note: This story has been updated with more details on the announcement.
