On May 11, President Donald Trump is scheduled to deliver a speech addressing prescription drug prices. The details of the speech have not been released, but he is expected to discuss proposals to combat rising drug costs.
As president-elect, Trump famously said that the drug industry was “getting away with murder.” As a candidate, he campaigned on ideas to address these rising costs directly, such as allowing Medicare to negotiate drug prices with drug companies. However, while in office, President Trump and his administration have taken no serious action on the issue. Even worse, the pharmaceutical industry appears to have a firm grip on the administration, wielding influence in top positions.
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