Skip to Main Content
Contribute Try STAT+ Today

WASHINGTON — The White House on Monday proposed capping out-of-pocket prescription drug expenses for seniors covered by Medicare, re-emphasizing Trump administration support for a concept endorsed both by pharmaceutical companies and congressional Democrats.

The proposal came within President Trump’s draft budget proposal — a document that also calls for a roughly $5.5 billion funding cut for the National Institutes of Health, despite the recent announcement of research and public health initiatives to end new HIV transmissions by 2030 and develop new treatments for childhood cancer.

Unlock this article by subscribing to STAT+ and enjoy your first 30 days free!


What is it?

STAT+ is STAT's premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.

What's included?

  • Daily reporting and analysis
  • The most comprehensive industry coverage from a powerhouse team of reporters
  • Subscriber-only newsletters
  • Daily newsletters to brief you on the most important industry news of the day
  • STAT+ Conversations
  • Weekly opportunities to engage with our reporters and leading industry experts in live video conversations
  • Exclusive industry events
  • Premium access to subscriber-only networking events around the country
  • The best reporters in the industry
  • The most trusted and well-connected newsroom in the health care industry
  • And much more
  • Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.
  • Is this a cut to the proposed budget increase, or are they going to get less money than this year?

  • This is just another example of why Trump’s budget should go into the Congressional shredder.

  • This is just Orwellian, it is what happens when unregulated Capitalism, runs amock. The most unqualified and incompetant person they could get to run a country, bows to the profiteers, while his nonsense gets normalized. As he Gas Lights our nation, plenty of his catamites parrot the propaganda and lies. It is really no wonder that the US has the most expensive and least effective healthcare in the developed world. The US is in an Epidemic of Despair, and Denial.
    At Mar A Lago, these criminals scheemed to monetize and profit from the VA at the expense of our veterans. While squawking about foreigners they routinely sought out the services of a “Spa” where undocumented women were held against their will, Trafficked, and forced to provide sexual services for billionnaires.

Comments are closed.