"Trump claimed the deal amounts to 'the biggest cut in drug prices in the history of our country, by many percentage points.'"
"'We are negotiating with the many hundreds of biotechnology and pharmaceutical companies representing that other 14%, that are building the cures for tomorrow,' said Department of Health and Human Services chief counselor Chris Klomp."
"Policy experts have noted the price concessions aren't likely to significantly affect companies' bottom lines since Medicaid drug prices are already low."
"Democrats have been calling for details of the agreements to be released, saying the confidential terms make it impossible to evaluate what the administration agreed to."
The agreement includes lower prices for certain drugs offered to Medicaid and cash-paying patients via the TrumpRx website. Trump claims this deal represents the largest reduction in drug prices in U.S. history. The Department of Health and Human Services states that the deals now cover 86% of branded pharmaceuticals. However, experts note that the price concessions may not significantly impact companies' profits, as Medicaid prices are already low, and the discounts do not apply to most Americans with private insurance or Medicare.
Read at Axios
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