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Trump rescinding Biden EO to lower prescription drug costs
Posted on 1/21/25 at 1:51 pm
Posted on 1/21/25 at 1:51 pm
Trump rescinded the Biden EO 14087which was put in place to supposedly lower drug prices for Medicare/Medicaid. Does anyone know what the Trump admin plan is? There are tons of MSM articles slamming this move so it must be a good thing.
6
Posted on 1/21/25 at 1:52 pm to Daponch
Trump did this before Biden and Biden only did it because he got rid of trumps policy.
Posted on 1/21/25 at 1:53 pm to Daponch
quote:
Trump rescinded the Biden EO 14087which was put in place to supposedly lower drug prices for Medicare/Medicaid. Does anyone know what the Trump admin plan is? There are tons of MSM articles slamming this move so it must be a good thing.
I'd imagine it didn't actually do shite and instead just enriched somebody affiliated with the Biden's.
Posted on 1/21/25 at 1:55 pm to Daponch
IIRC it was just a big pharma handout.
Shifted the bulk of the costs from end user to government, who would line big pharma’s pockets via bulk orders at only like a 10% discount from retail. A better way to lower costs would be to shorten the patent protection period for new meds.
I actually read that straight up subsidizing generic medicine production would be cheaper than this plan, as crazy as that seems.
Shifted the bulk of the costs from end user to government, who would line big pharma’s pockets via bulk orders at only like a 10% discount from retail. A better way to lower costs would be to shorten the patent protection period for new meds.
I actually read that straight up subsidizing generic medicine production would be cheaper than this plan, as crazy as that seems.
Posted on 1/21/25 at 1:59 pm to rickyb223
quote:
Shifted the bulk of the costs from end user to government, who would line big pharma’s pockets via bulk orders at only like a 10% discount from retail.
If this is true, it’s a gift horse for Pharma.
Posted on 1/21/25 at 2:18 pm to momentoftruth87
quote:
Trump did this before Biden and Biden only did it because he got rid of trumps policy.
Posted on 1/21/25 at 2:24 pm to rickyb223
quote:
IIRC it was just a big pharma handout.
Sadly, this is likely the case.
Posted on 1/21/25 at 2:39 pm to Daponch
It was killing mom and pop pharmacies and enriching Walgreens and CVS. Good riddance.
Posted on 1/21/25 at 2:44 pm to Daponch
I am MAGA you downvoting asshats. I was asking so I could reply to libtard family members. Geez
Posted on 1/21/25 at 2:45 pm to Daponch
quote:
Does anyone know what the Trump admin plan is?
The Trump plan was to do it first, which they did.
Posted on 1/21/25 at 3:25 pm to Tmo Sabe
I was wondering about this also . Can you explain how it was hurting mom and pop pharmacies and enriching walgreens and cvs? (I'm MAGA too, and figured if Trump is doing it there has to be a good reason)
Posted on 1/21/25 at 4:15 pm to skeeter531
Lol
Posted on 1/23/25 at 9:12 am to skeeter531
Not exactly. My comment was based on the feedback I've heard from a couple small pharmacy owners that I know personally in a couple different states.
I'm not educated in how all that works w/ medicare claims or even insurance claims. But they say they've been taking a bath for a long time at the hands of insurance companies.
I'm not educated in how all that works w/ medicare claims or even insurance claims. But they say they've been taking a bath for a long time at the hands of insurance companies.
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