Trump Admin Threatens Drug Makers With Price Controls

White House Press Secretary Karoline Leavitt announced on Thursday that President Trump had sent 17 letters to pharmaceutical CEOs, demanding lower drug prices and warning that he would “deploy every tool” at his disposal to enforce reductions.

Leavitt read aloud from Trump’s letter to Eli Lilly CEO David Ricks, in which the president vowed to end “global freeloading.” Trump also referenced an executive order he signed in the spring, tackling the issue of pharmaceutical prices.

“This unacceptable burden on American families ends with my administration,” the letter continued.

In the letter, Trump demanded that drug makers who do business in the U.S. take action within 60 days, warning “if you refuse to step up, we’ll deploy every tool in our arsenal to protect American families from continued abusive drug pricing practices.”

The letter called to “extend the most favored nation pricing to Medicaid, guarantee most favored nation pricing to newly launched drugs, return increased revenues abroad to American patients and taxpayers, and provide for direct purchasing at most favored nation pricing.”

Leavitt went on to say that Trump “expects to further engage with [the CEOs] immediately in good faith.”

Related Posts

Senate Convenes on Shutdown Deal as Trump Pushes Filibuster Demands

The Senate is meeting to consider a potential deal to end the record-breaking government shutdown, now in its 37th day, as President Donald Trump renews his push…

Senate Confirms Trump’s Pick To Join Liberal-Majority US Appeals Court

The U.S. Senate has approved President Donald Trump’s first and only nominee to the Boston-based federal appeals court. Until recently, most of the justices on this court…

IT BEGINS: Mamdani Issues ‘Demand’ to New Yorkers After Getting Elected

Zohran Mamdani, recently elected as New York City’s new mayor, is already facing backlash over the video he released following his victory over former New York Gov….

Judge Rips Prosecutors In Comey Case, Handing Former FBI Director A Win

A federal judge overseeing the criminal case against former FBI Director James Comey sharply rebuked prosecutors during a heated hearing Wednesday, ordering them to turn over evidence…

Trump Delivers Warning To GOP Following Tuesday Election Losses

President Trump pointed to “pollsters” who say the government shutdown — combined with the fact that his name wasn’t on Tuesday’s ballot — were key reasons behind…

Mamdani Wins NYC Mayor’s Race, Pledges Sweeping Socialist Reforms

Mayor-elect Zohran Mamdani delivered a fiery victory speech late Tuesday, promising to deliver on his progressive agenda and declaring his election a historic mandate for change. Mamdani,…

Leave a Reply

Your email address will not be published. Required fields are marked *