Trump "imports" drug prices from socialist health care

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anonymous_coward
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Trump "imports" drug prices from socialist health care

https://www.axios.com/trump-wants-to-import-single-payer-drug-pricing-5e...

I kind of like the idea.

Basically, we are paying twice as much as other countries, mostly b/c they are able to negotiate as a huge bloc, and U.S. insurers negotiate as smaller entities (Medicare uses the *average* domestic price, which is essentially a gigantic hidden subside to drug companies.

What the article doesn't touch on is how it will affect non-Medicare U.S. patients - there is a good chance they will have to foot some portion of this change. (Thanks, Trump).

Worth noting, FTFA:
"What they’re saying: The Obama administration proposed a similar policy in 2016, and industry groups killed it. There’s pretty decent chance that could happen here, too."