Trump revives drug price cap idea

This is a Australia news story, published by CBS News, that relates primarily to Biden news.

Australia news

For more Australia news, you can click here:

more Australia news

Biden news

For more Biden news, you can click here:

more Biden news

News about health policy

For more health policy news, you can click here:

more health policy news

CBS News news

For more news from CBS News, you can click here:

more news from CBS News

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best health news, business news, entertainment news, and much more. If you like this article about health policy, you might also like this article about

steep drug price cuts

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest prescription drug costs news, drug price caps news, news about health policy, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

drug prices

CBS News

•

Health

Trump wants drug price caps tied to foreign nations. Here's why Biden never did it.

Summary

Nutrition label

83% Informative

Democrats and Biden administration dropped plans to set drug price caps based on other high-income countries.

A version of the idea was revived by President Trump in the executive order signed Monday .

The bill passed by House Democrats wanted the maximum price to be tied to an average based on prices paid in Australia , Canada , France , Germany , Japan and the UK .

The White House official says they "firmly believe" they have the ability to pursue wider actions to push drugmakers to lower their prices within Medicare .

They cited other authorities in the law being considered like section 402 , which affords HHS powers to "develop and engage in experiments" which could affect payment rates in Medicaid .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful