Trump to announce Medicaid 'most favored nation' drug pricing plan
publishers 2articles 4first reported 18 Sep, 13:56 UTCdeveloping since 18 Sep · 3 editions
President Donald Trump is set to announce that all 50 states will have access to 'most favored nation' (MFN) pricing for certain drugs covered by Medicaid, according to an administration official. The announcement, expected to take place in the Oval Office, will be made alongside several governors, as reported by The Hill. Trump is expected to highlight the plan as a step toward lowering prescription drug costs, a key issue for voters. The initiative, which was signed into policy last year, aims to ensure the U.S. pays the lowest price for medications, as noted by Fortune. According to The Hill, all 50 states, Washington, D.C., and Puerto Rico have applied to participate in the arrangement, with 40 states and Puerto Rico already having signed agreements. Trump described the measure as a potential boon for the administration ahead of the midterms.
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