President Donald Trump on Tuesday will announce an agreement with pharmaceutical giant Pfizer to voluntarily sell its medications through Medicaid at lower prices.
The White House also will unveil a new website, dubbed TrumpRx, to allow direct-to-consumer sales of medications at discounted rates, the administration said in a statement.
The announcements are part of the White House’s push to secure “Most Favored Nation” pricing deals with pharmaceutical manufacturers, an effort to link U.S. drug prices to the lowest cost of drugs paid by the wealthiest countries. Trump in May signed an executive order that laid out the initiative, and administration officials have been negotiating with pharmaceutical companies in a bid to get them to voluntarily lower their prices. The deadline for those