Kristen Holmes: Pfizer Is Agreeing to Lower the Price of Some of Their More Popular Drugs

EXCERPT:

HOLMES: “So he made it alongside the CEO of Pfizer, and there are two things happening here. One is that this is part of the Most Favored Nation Initiative that he tried to start in his first term, came back to his second term. This is to lower prescription drug costs. So there's Pfizer here agreeing to lower the price of some of their more popular drugs. The other part of this is something that they're calling Trump Rx, which is essentially a direct to consumer purchasing of drugs that would lower the cost by an enormous amount. So that's what you heard him kind of talking there about healthcare, is that so much of what people spend and use their health insurance for is for drugs, prescription drugs. And so he's saying that he's cutting out an enormous amount of that cost by having this deal with Pfizer.”