Saturday, January 23, 2021

Drug prices were lowered in 2018 by Trump

And it was the first time in 45 years.

Biden Pauses Trump Executive Order Discounting Insulin Prices for Low-Income Americans

“The 340B Program requires drug manufacturers (in exchange for coverage of drugs under Medicaid) to offer substantial discounts to ‘covered entities,’ which include safety net hospitals, community health centers, and other institutions that serve vulnerable populations."

Then-HHS Secretary Alex Azar said at the time, “President Trump has been steadfastly devoted to lowering drug prices for American patients, and that includes ensuring that drug companies are offering the discounts they’re legally required to give to providers that serve the vulnerable.”

Biden put a freeze on it until March 22.

Read about it...

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