From Seattletimes · · 1m 50s
Trump Announces All 50 States Join Medicaid Drug Pricing Model
Trump announces all 50 states will adopt Medicaid drug pricing model to lower prescription costs.
In brief
Trump announces all 50 states will adopt Medicaid drug pricing model to lower prescription costs. President Trump announced all 50 states will join a Medicaid program using Most Favored Nation pricing to reduce drug costs to levels in other countries. Originally reported by Seattletimes.
Trump Announces Medicaid Drug Pricing Model
President Donald Trump announced all 50 states will join a program providing Most Favored Nation pricing for some drugs within Medicaid to lower net prices to levels in other countries.
Administration Claims Medicaid Savings
The Trump administration claims Medicaid will save billions on prescription drug costs through the Medicaid GENEROUS model, though experts say the savings are unclear due to lack of public deal details.
Trump's Midterm Election Comment
Trump told reporters in the Oval Office that this one thing alone should win him the midterms, flanked by Health and Human Services Secretary Robert F. Kennedy Jr. and Centers for Medicare & Medicaid Services Administrator Mehmet Oz.
Cost-of-Living Concerns Ahead
Cost-of-living issues are at the forefront of voters' concerns ahead of November midterm elections, as Trump cut deals with pharmaceutical companies to lower drug costs to levels in other affluent nations.
Savings Estimate and Criticism
The White House estimated Trump's deals could save $529 billion over the next 10 years, but critics say the administration has not presented a viable plan for broadly addressing rising health costs after expiring Affordable Care Act subsidies.
White House Spokesman Response
Kush Desai, a White House spokesman, pointed to drug deals negotiated during former President Joe Biden’s term under the Inflation Reduction Act that did not include commercially sensitive information.
Policy Adviser Concerns
Kathy Hempstead, a senior policy adviser at the Robert Wood Johnson Foundation, said the lack of details creates a barrier to legislative action and questions the longevity of price cuts once the administration leaves.
The essence
President Trump announced all 50 states will join a Medicaid program using Most Favored Nation pricing to reduce drug costs to levels in other countries.
