Trump Unveils TrumpRx: A New Platform for Affordable Prescription Medications
Pfizer CEO Albert Bourla discusses Pfizer’s Q4 adjusted earnings and the competitive landscape for weight-loss drugs on ‘The Claman Countdown.’
President Donald Trump recently launched TrumpRx.gov, a government-backed initiative designed to provide Americans with access to discounted prescription medications.
During the unveiling at the White House, Trump emphasized that Americans have historically paid significantly higher prices for prescription drugs compared to consumers in other countries, describing the price disparities as “unprecedented.” He stated, “Americans have long been paying the highest drug prices anywhere in the world, while other countries often paid pennies on the dollar for the exact same drugs.” He further noted that the U.S. effectively subsidizes global drug costs by hundreds of billions of dollars annually.
Despite representing only 4% of the global population, Trump pointed out that Americans shoulder a disproportionate share of drug costs.
FOX NEWS POLL: VOTERS SOUND ALARM ON HEALTHCARE COSTS
President Donald Trump announces the launching of the TrumpRx.gov prescription website on Thursday at the White House in Washington, D.C. (Pool / Fox News / Fox News)
Trump highlighted that the U.S. consumes only 13% of all prescription drugs globally, despite its small population. He confirmed that new agreements would alter this situation, stating, “Under the agreements my administration has negotiated, the United States will pay the lowest price paid by any other country.” He emphasized that these prices could drop by as much as 300% to 600% in some cases.
At the event, Trump was joined by Centers for Medicare & Medicaid Services Administrator Dr. Mehmet Oz and National Design Studio Director Joe Gebbia, co-founder of Airbnb, who is advising on digital design and user experience.
This initiative follows agreements between the Trump administration and 16 major pharmaceutical companies under “most-favored-nation” pricing deals.
Trump stated, “All of these discounts and more will be available directly to consumers starting today at TrumpRx.gov.” He noted that 16 out of the 17 largest pharmaceutical companies have signed on, with the last company expected to join soon.
HOUSE GOP SEEKS OFF-RAMP TO SKY-HIGH HEALTH INSURANCE COSTS FOR MILLIONS OF AMERICANS
President Donald Trump and Centers for Medicare and Medicaid Services Administrator Dr. Mehmet Oz discuss the TrumpRx.gov prescription website, Thursday, at the White House in Washington, D.C. (Pool / Fox News / Fox News)
In exchange for exemptions from U.S. tariffs, participating pharmaceutical companies have agreed to lower prices for the federal Medicaid program and extend these reduced prices to cash-paying consumers through TrumpRx.
Among the participating companies are Eli Lilly and Novo Nordisk, which have committed to reducing prices on popular GLP-1 weight-loss drugs.
The administration anticipates that these agreements will lower monthly costs for Americans to an average range of $149 to $350.
Price reductions will be available across a variety of medications, including inhalers, HIV treatments, diabetes drugs, and IVF medications.
The website slashes the price for popular weight loss drugs like Wegovy. (Michael Siluk/UCG/Universal Images Group via Getty Images / Getty Images)
Trump highlighted significant reductions in the prices of weight-loss drugs and inhalers, as well as fertility treatments. He announced that Novo Nordisk would reduce the price of Wegovy from over $1,300 to just $199, while AstraZeneca would cut the price of a common inhaler from $458 to $51.
Additionally, he mentioned that couples facing infertility would benefit from substantial discounts on commonly used IVF drugs, including Gonal-F.
The TrumpRx.gov website showcases discounted prescription drugs, allowing users to see the percentage savings off the original price and generating coupons for each medication.
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
Consumers can print these coupons or save them to a mobile wallet to present at participating pharmacies for discounts at checkout. For specialty drugs, the site directs users to mail-order pharmacies for home delivery of medications.
Administration officials noted that purchases made through the website typically do not count toward insurance deductibles.
Pfizer CEO Albert Bourla discusses Pfizer’s Q4 adjusted earnings and the competitive landscape for weight-loss drugs on ‘The Claman Countdown.’
President Donald Trump recently launched TrumpRx.gov, a government-backed initiative designed to provide Americans with access to discounted prescription medications.
During the unveiling at the White House, Trump emphasized that Americans have historically paid significantly higher prices for prescription drugs compared to consumers in other countries, describing the price disparities as “unprecedented.” He stated, “Americans have long been paying the highest drug prices anywhere in the world, while other countries often paid pennies on the dollar for the exact same drugs.” He further noted that the U.S. effectively subsidizes global drug costs by hundreds of billions of dollars annually.
Despite representing only 4% of the global population, Trump pointed out that Americans shoulder a disproportionate share of drug costs.
FOX NEWS POLL: VOTERS SOUND ALARM ON HEALTHCARE COSTS
President Donald Trump announces the launching of the TrumpRx.gov prescription website on Thursday at the White House in Washington, D.C. (Pool / Fox News / Fox News)
Trump highlighted that the U.S. consumes only 13% of all prescription drugs globally, despite its small population. He confirmed that new agreements would alter this situation, stating, “Under the agreements my administration has negotiated, the United States will pay the lowest price paid by any other country.” He emphasized that these prices could drop by as much as 300% to 600% in some cases.
At the event, Trump was joined by Centers for Medicare & Medicaid Services Administrator Dr. Mehmet Oz and National Design Studio Director Joe Gebbia, co-founder of Airbnb, who is advising on digital design and user experience.
This initiative follows agreements between the Trump administration and 16 major pharmaceutical companies under “most-favored-nation” pricing deals.
Trump stated, “All of these discounts and more will be available directly to consumers starting today at TrumpRx.gov.” He noted that 16 out of the 17 largest pharmaceutical companies have signed on, with the last company expected to join soon.
HOUSE GOP SEEKS OFF-RAMP TO SKY-HIGH HEALTH INSURANCE COSTS FOR MILLIONS OF AMERICANS
President Donald Trump and Centers for Medicare and Medicaid Services Administrator Dr. Mehmet Oz discuss the TrumpRx.gov prescription website, Thursday, at the White House in Washington, D.C. (Pool / Fox News / Fox News)
In exchange for exemptions from U.S. tariffs, participating pharmaceutical companies have agreed to lower prices for the federal Medicaid program and extend these reduced prices to cash-paying consumers through TrumpRx.
Among the participating companies are Eli Lilly and Novo Nordisk, which have committed to reducing prices on popular GLP-1 weight-loss drugs.
The administration anticipates that these agreements will lower monthly costs for Americans to an average range of $149 to $350.
Price reductions will be available across a variety of medications, including inhalers, HIV treatments, diabetes drugs, and IVF medications.
The website slashes the price for popular weight loss drugs like Wegovy. (Michael Siluk/UCG/Universal Images Group via Getty Images / Getty Images)
Trump highlighted significant reductions in the prices of weight-loss drugs and inhalers, as well as fertility treatments. He announced that Novo Nordisk would reduce the price of Wegovy from over $1,300 to just $199, while AstraZeneca would cut the price of a common inhaler from $458 to $51.
Additionally, he mentioned that couples facing infertility would benefit from substantial discounts on commonly used IVF drugs, including Gonal-F.
The TrumpRx.gov website showcases discounted prescription drugs, allowing users to see the percentage savings off the original price and generating coupons for each medication.
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
Consumers can print these coupons or save them to a mobile wallet to present at participating pharmacies for discounts at checkout. For specialty drugs, the site directs users to mail-order pharmacies for home delivery of medications.
Administration officials noted that purchases made through the website typically do not count toward insurance deductibles.
