Trump proposes allowing Medicare to base drug costs on prices abroad

President Donald Trump on Thursday announced two proposals reshaping how the government pays for drugs under Medicare Part B, including allowing Medicare to determine a drug’s price based on its cost in other countries, and altering the way physicians are reimbursed for prescribing treatments.
“With the action I am unveiling today, the United States will finally begin to confront one of the most unfair practices — almost unimaginable that it hasn’t been taken care of long before this — that drives up the cost of medicine in the United States,” (Read more...)

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