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Trump Seeks Rule To Cut Drug Prices

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13.12.2020

With the 2008 election over, President George W. Bush sent a firm warning to his appointees -- me among them -- not to burden the incoming administration with decisions that would be tough for the new White House to change. Our turn was over. For the nation's sake, the next president needed the chance to succeed.

Times have changed. President Trump is going out the door with the opposite approach, using his "last days to lock in policies and make Biden's task more difficult," as the New York Times put it.

One of Trump's tactics is to enact presidential directives which present political dangers for President Biden to disrupt. One example is speeding up withdrawal from Afghanistan. Another is the executive order from Nov. 12 barring Americans from investing in certain Chinese companies. To change these policies, Biden risks being seen as a war-mongering interventionist or as softie on a country that routinely violates human rights.

In this same spirit, on Nov. 20 Trump made what he called a "big announcement" -- indeed, "the biggest ever, concerning drugs and drug pricing." He pointed out correctly that Americans pay more for drugs than patients in other countries, and "to address this unfairness and to lower prices for Americans, we're finalizing the Most Favored Nation rule. Remember that name."

The rule would require U.S. drug manufacturers to price certain Medicare drugs no higher than the lowest price in other rich........

© International Business Times


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