America First Drug Pricing Policy
President Trump's America First drug pricing policy aims to lower prescription drug prices by eliminating Pharmacy Benefit Managers (PBMs), exposing 340B abuse, and making Europe pay fair prices for American-developed drugs.
Key Points
- Eliminating PBMs to reduce drug prices
- Exposing 340B abuse through executive order
- Pressuring Europe to pay fair market prices for American drugs
Pros
- Lowering prescription drug prices for Americans
- Increasing transparency in healthcare pricing
- Holding European nations accountable for fair drug prices
Cons
- Potential political bias as it is sponsored by Americans for Limited Government
- Criticism of Biden for ditching Trump's rebate rule