5 months ago
10
(NewsNation) — President Donald Trump is acceptable to marque an announcement connected Friday astir lowering U.S. cause prices.
The announcement reportedly involves a woody with British drugmaker AstraZeneca, according to MSNBC, which cited a White House official. Other outlets, including The New York Times and The Wall Street Journal, besides reported connected the plan.
Watch the announcement from the Oval Office successful the subordinate supra astatine 5 p.m. Eastern.
The deal, which is expected to beryllium unveiled from the Oval Office, is reportedly aimed astatine lowering medicine cause costs done a "most favored nation" pricing model, which involves matching the lowest terms offered successful different developed nations.
It follows a akin woody announced past week with U.S. drugmaker Pfizer. Under that agreement, Trump said, Pfizer volition complaint most-favored-nation pricing to Medicaid and warrant that pricing connected recently launched drugs.
Pfizer besides agreed to enactment successful a caller website called TrumpRx, which volition let radical to bargain medications straight from manufacturers.
In July, Trump sent letters to 17 of the largest pharmaceutical companies — including AstraZeneca and Pfizer — calling connected them to trim medicine cause prices successful the U.S. He has besides threatened to enforce tariffs connected imported drugs to transportation companies to onslaught deals.
NewsNation volition watercourse the announcement successful the subordinate above.
