Don­ald Trump promis­es to slash drug prices by bil­lions, pledg­ing ag­gres­sive fed­er­al bid­ding process

The phar­ma in­dus­try came in for a one-two punch from pres­i­dent-elect Don­ald Trump to­day, who used a press con­fer­ence to promise that the fed­er­al gov­ern­ment will use its full pow­er to over­come the lob­by­ing in­flu­ence of the in­dus­try and slash drug prices through new bid­ding pro­ce­dures.

Here’s the ex­cerpt:

“We have to get our drug in­dus­try com­ing back. Our drug in­dus­try has been dis­as­trous. They’re leav­ing left and right. They sup­ply our drugs but they don’t make them here, to a large ex­tent. And the oth­er thing we have to do is cre­ate new bid­ding pro­ce­dures for the drug in­dus­try. They’re get­ting away with mur­der. Phar­ma has a lot of…lob­by­ists and a lot of pow­er and there’s very lit­tle bid­ding on drugs.

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