WASHINGTON — The Trump administration on Wednesday abandoned one of its signature drug-pricing efforts: a ban on many of the rebates that drug companies pay to pharmacy benefit managers under Medicare.
A White House spokesman confirmed the news to STAT after it was first reported by Axios.
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The fact the PBMs were rooting for this rebate proposal to go through is a signal that it likely was good idea to pursue.
https://www.bloomberg.com/opinion/articles/2019-07-11/trump-drug-prices-rebate-rule-failure-has-silver-lining?fbclid=IwAR351TyvMWL8R9zR_FcIEEjzd4TR2Q_kFV639Rg–4-W7IYDj2uef-IIimg
Meant to type:
The fact the PBMs were rooting for this rebate proposal to go through is a signal that it likely was NOT good idea to pursue.
President Trump has done many stupid things as our president. His decision to abandon the “Drug Rebate Rule”
Is by far the stupidest decision he’s ever done thus far. The only way to insure drug prices will be reduced is
to govern the PBM’s. This president is not willing to step up to the plate and do what he has to do!
I guess the PBM’s got to Trump ! This is a huge blow to the American consumer, every supermarket pharmacy,every Independent Pharmacy and frankly every drug manufacturer in this country! Very sad !!!!!