Breitbart By Americans for Limited Government (Sponsored)
The following content is sponsored by Americans for Limited Government.
America First drug pricing has begun.
President Trump promised to lower drug prices in America. Contrary to typical politicians who like to score points with false promises but never get anything done, President Trump understands that middlemen, government bureaucracy, and European price controls make Americans pay more than other advanced countries for prescription drugs. And unlike past presidents, he’s doing something about it.
The Pharmacy Benefit Managers (PBMs) middlemen drive up drug prices by roughly 50 percent. PBMs and big insurance companies take 25 percent. Along with massive hospitals, they abuse a little-known government program called 340B to take another $66 billion or 10 percent. Government middlemen take the rest through statutory rebates and fees.
“We’re going to knock out the middleman. We’re going to get drug costs down at levels that nobody has ever seen before,” Trump said in December. “The horrible middleman that makes more money, frankly, than the drug companies, and they don’t do anything except they’re a middleman.”
PBMs negotiate drug prices and rebates with manufacturers, but instead of passing savings on to patients, they pocket most of them. This unseemly practice is one reason why Trump and the Federal Trade Commission are cracking down on the biggest PBMs…
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