Trump announces plan to lower cost of a common IVF drug
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Among the flurry of executive orders (EOs) issued by President Trump as his first hundred days in office drew to a close are two taking aim at the high cost of prescription drugs. For many ideas in President Trump’s two executive orders on prescription drug pricing,
GoodRx reports urban residents face higher out-of-pocket prescription costs and access to newer drugs, while rural patients rely on generics.
Prescription drug costs continue to burden Americans, with billions of dollars spent each year on such drugs, and nearly one in four patients reporting difficulty affording their medications. But according to Ruchi Talwar, MD of Vanderbilt University Medical Center, there are practical steps patients can take to ease the financial strain.
Instead of creating affordable products that improve health and lower costs, pharmaceutical companies focus on new drugs that will yield a healthy return on investment.
Colorado became the first state in the nation to set a price cap on a specific medication last week, following a unanimous decision by the Prescription Drug Affordability Review Board to cap the cost of a drug used to treat inflammatory conditions.
Gov. Gavin Newsom announced Thursday that the state would provide insulin shots for $11, far below market prices.