Though he didn’t say how he wanted “real prices” to be disclosed, he urged Congress to pass legislation that would make it a requirement for hospitals, health insurers and drug companies. Trump also said he wanted Congress to take on drug costs and end the disparity in prices with Americans paying much more than residents of other countries around the world. “We should also require drug companies, insurance companies, and hospitals to disclose real prices to foster competition and bring costs down.”The Trump administration last week announced proposed new regulations for Medicare drug plans and pharmacy benefit managers (PBMs) that would change how prescription discounts are negotiated. During his State of the Union address, Trump claimed "2018 drug prices experienced their single largest decline in 46 years." But several groups Tuesday night conducting fact checks of that statement were quick to point out several instances and studies showing drug prices continue to rise.

Source: Forbes February 06, 2019 02:58 UTC