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President Donald Trump unveiled a new website seeking to offer Americans massively discounted prescription drugs.
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The website, TrumpRx.gov, offers “Most-Favored-Nation” prices on prescription drugs.
“This launch represents the largest reduction in prescription drug prices in history, by many, many times, and it’s not even close,” Trump said Thursday night. “You can see numbers that you’re not going to believe.”
“Americans have long been paying the highest drug prices anywhere in the world, while other countries often pay pennies on the dollar for the exact same drugs,” he added. “We were essentially subsidizing the entire world and subsidizing hundreds of billions of dollars every year.”‘
Trump said the U.S. has 4% of the world’s population and consumes only 13% of all prescription drugs, but supplies 75% of Big Pharma’s revenue.
“The American people were effectively subsidizing endorsement drugs for the entire world, and it’s not going to happen any longer,” he said. “We ended it.”
Joe Gebbia, U.S. chief design officer and Airbnb co-founder, showed off the website where patients can obtain coupons to use at pharmacies. The website initially offers over 40 of the most popular expensive medications, but Trump said more will be added soon.
Customers cannot use health insurance to buy the discounted drugs, which are accessible only through direct purchases.
The discounts on weight loss drugs will cause Americans to lose 100 million pounds this year, “which is going to make not only folks a lot healthier, but a lot easier to manage when they do get help,” said Centers for Medicare and Medicaid Commissioner Dr. Mehmet Oz.
“Novo Nordisk will be slashing the price, an example is Ozempic, from more than $1,000 to $199,” Trump said.
Trump particularly touted discounts to the most common in vitro fertilization drugs.
“For example, a single dose of the most common IVF drug in the country, Gonal-F, will plummet from the highest price in the developed world that we pay,” he said.
“I’m particularly drawn, as I know you are, to the plight of folks, young couples, trying to have children, and that first medication, one of the first ones you did most favored drug pricing on, is an immense help to a number of folks,” Oz said.
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This article was originally published at The Daily Signal. Photo Credit: Gage Skidmore – https://www.flickr.com/photos/gageskidmore/54819298212/, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=175926732.
