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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