Trump Administration Targets Prescription Drug Costs with Negotiation and Competition Strategies

The Trump administration aims to decrease prescription drug costs for American consumers through a broad strategy. The success of these efforts remains to be seen. The administration has outlined an ambitious plan. This plan hopes to tackle the complex issue of drug pricing through various avenues, including negotiation strategies, regulatory adjustments, and increased competition within the pharmaceutical market. The question that continues to be asked is whether this time will be different when other administrations have tried to lower prices, but have been unsuccessful.

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Date: April 16, 2025

Author

Mark Chiang