Major U.S. drug manufacturer Pfizer agreed to roll back July 1 drug price hikes after an “extensive discussion” with President Donald Trump on Tuesday.
“Just talked with Pfizer CEO and @SecAzar on our drug pricing blueprint,” Trump tweeted Tuesday night after arriving in Brussels, Belgium, for the NATO summit. “Pfizer is rolling back price hikes, so American patients don’t pay more.”
“We applaud Pfizer for this decision and hope other companies do the same,” wrote Trump. “Great news for the American people!”
The company’s price hikes on 100 products went into effect on July 1. It was the company’s second price hike this year. While prices on many drugs were increased, there were also decreases on a few of their products.
Trump reacted sharply to news of Pfizer’s price hikes, proclaiming, “Pfizer & others should be ashamed that they have raised drug prices for no reason.” He accused the company of taking advantage of the poor and defenseless while giving bargains to countries in Europe and elsewhere. He warned, “We will respond!” It wasn’t clear at the time what that response would be.
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4 comments:
Ha! 3 years ago you guys would have screamed "evil socialist dictator". My have you changed.
I can buy a certain medicine I take cheaper from Canada Drugs than my insurance co-pay is if I buy the medicine locally here in the US.
Man! he sure makes things happen - so refreshing !
Promises Made - Promises Kept
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