"On Tuesday, the president announced that drug giant Pfizer had agreed to be part of a new direct-to-consumer government purchasing platform known as TrumpRx, that, according to Pfizer, will allow "American patients to purchase medicines from Pfizer at a significant discount." The president said that Pfizer had "agreed to offer countless prescription medications at major discounts in the United States.""
"Pfizer is the first of many drug makers the president claimed has agreed to offer steep drug discounts to all Americans through TrumpRx, in line with the lowest prices paid by Europeans. "We've seen this disparity for a long time, and we know it has not been sustainable," FDA Commissioner Dr. Marty Makary told CBS News in an interview Thursday. The president also said that Pfizer had agreed to lower the cost of the prescription medications that it provides to Medicaid recipients."
A White House plan launched a direct-to-consumer government purchasing platform called TrumpRx with Pfizer participating to offer medicines at significant discounts to American patients. TrumpRx is intended to align U.S. drug prices with the lowest prices paid by Europeans and to lower costs across the health care system. The initiative includes commitments to offer countless prescription medications at major discounts and to supply Pfizer prescription medications to Medicaid at most-favored-nations prices. The program is projected to provide savings up to 85% for certain medications such as Duavee, whose sticker price is $203 per month. Officials frame the effort as addressing egregious drug prices and larger U.S. health care cost problems.
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