WASHINGTON — President Trump on Thursday blasted pharmaceutical companies for having “rigged the system” against American consumers by charging higher prices in the U.S. than they do abroad, announcing a new proposal he says will help even out those differences.
“We’re taking aim at the global freeloading that forces American consumers to subsidize lower prices in foreign countries through higher prices in our country,” Trump said. “It’s almost unimaginable that it hasn’t been taken care of long before this.”
He called the status quo “wrong” and “not fair,” and suggested the new policy would “allow Medicare to determine the price it pays for certain drugs based on the cheaper prices paid by other nations.”
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