Higher medical costs and insurance premiums are one of the unintended, unexpected effects of the new trade and tariff policies.
That’s especially true of prescription drug prices. President Trump said he is committed to reducing prices on prescription drugs.
One measure he took is to direct major pharmaceutical manufacturers to charge U.S. customers the same prices that are paid in other countries, known as “most favored nation” pricing. The companies are supposed to reduce their price to U.S. customers even when overseas customers pay lower prices because of government subsidies.
In addition, the President want to bring pharmaceutical…
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