President Trump unveils American Patients First plan - FOX34 Lubbock

President Trump unveils American Patients First plan

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LUBBOCK, Texas -

The president calls it the most sweeping action in history to lower the price of prescription drugs. The focus of his strategic plan is tougher negotiation, more competition, lower prices, and to eliminate the middle man. 

"Everyone involved in the broken system the drug makers, insurance companies, distributors, pharmacy benefit managers," said President Trump. "There are many others that contribute to the problem." 

The president's plan would ax parts of the affordable care act and encourage much more competition in the private sector. The blueprint also intends to lower out of pocket costs, lift regulations, and push other countries to pay more. The pharmaceutical industry is complex. 

"There is so much money involved in every level, because the drugs are so expensive you know the insurance isn't trying to pay these high prices if there is a more affordable option," said Cristalyn Parten, pharmacist at Best Discount Pharmacy. "The wholesalers aren't trying to stock drugs that are outrageously priced and the drug companies of course are wanting to recupe all of their cost that they had to incur for the research and development of drugs." 

One thing the president's plan cannot do is allow the federal government to negotiate directly with drug companies. President Trump wants to give medicare new tools to lower prices for its roughly 60 million beneficiaries, but federal law prohibits the Department of Health and Human Services from bargaining.


 

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