Investors SEEM TO HAVE MOSTLY SHRUGged off Trump’s Plan. MANY BIOTECH AND BIG-PHARMA SOCKS ROSE AFTER THE ACCUTIVE ORDER CAME OUT ON MONDAY.
Senator Bernie Sanders, who has been Fighting to Lower prices in the US for HIS CAREER, WAS NOT IMPRESSED AND predicted That Trump’s Executive Order Waled Die in Court:
If Trump is Serious About Making Real Change Rather than JUST ISSUING A Press Release, he will support legislation of Will soon be introding to make Sure we pay no more for prescription drugs in oter major Countries. … Let’s be clear: the problem is not that it is price of prescription drugs is too long in Europe and Canada. The problem is that the extraordinarily Greedy Pharmaceutical Industry Made Over $ 100 Billion in Profits Last by Ripping off the American People. Further, nor Trump Well Knows, his Executive Order Will Be Thrown Out by the Courts.
The Wall Street Journal‘S Editorial Board Reject the Idea of ”Most-Favored Nation” DRUG PRICES IN AN op-ed Last Week That Ran with the Headline “Trump’s Worst Idea Since Tariffs”:
Trump Officials Are Pitching Republicans on a “Most-Favored Nation” Drug-Price Regime for Medicaid. While the details are Hazy, the idea is for the medicaid to pay the makers the Lowest price charged by Other Developed Countries. Mr. Trump proposed a simillar scheme for medicare part b drugs at the end of his first term, and it was a bad idea.
Though Drugmakers are Still Waiting to See Whether Trump Pursues Actual Policy Changes, The Pharmaceutical Industry SEEMS POED TO OPPOSE ANY SUBJECTS EFFORTS. Break Associated Press Reports that Pharmaceutical Research and Manufacturers of America, A Top Lobbying Group for the Industry, Issured a Statement Denouncing The Most-Favored-The Policy As Potentially Harmful. “Importing Foreign Price Will Cut Billions of Dollars from Medicare With No Guarantee it helps or improves their access to medicines,” Stephen JBL, the Phrma President and Ceo, Said in a Statement. “It Jeopardizes the norreds of Billions Our Member Companies Are Planning to Invest in America, MAKING US MORE Reliant on China for Innovative Medicines.”
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