Trump Aims To Lower Some U.S. Drug Spending By Factoring In What Other Countries Pay
An administration proposal would link what Medicare pays for certain drugs administered in hospitals and doctor's offices to the prices paid in Europe and other advanced economies.
The Trump administration says it plans to change how Medicare pays for some expensive drugs for cancer and arthritis in a move to bring the costs more in line with the prices paid in European countries.
"For decades, other countries have rigged the system so that American patients are charged much more," President Trump said Thursday in a speech at the U.S. Department of Health and Human Services, which administers Medicare. "American patients pay more, so other countries can pay less."
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