Trump: Medicaid drug pricing deals reached for all 50 states

President Donald Trump announced that Medicaid plans in all 50 states will have access to "most favored nation" pricing on some prescription drugs, part of his administration's effort to lower U.S. drug prices to levels paid by other countries.

Trump said Medicaid programs in 50 states, Washington, D.C., and Puerto Rico will have access to "most favored nation" drug prices on par with what other countries pay for prescription drugs. The White House said the lower drug prices would lead to nearly $65 billion in Medicaid drug savings over the next decade.

"We're launching this program with the participation of all 50 states, red and blue," Trump said in an Oval Office announcement, accompanied by governors of Arkansas, Mississippi and South Dakota, on Sept. 18.

Under the Medicaid drug discount program, dubbed GENEROUS, participating drug companies will provide rebates to state Medicaid programs on brand name drugs. The rebates will ensure the final price doesn't exceed most favored nation prices, the White House said in a fact sheet.

The Medicaid drug discounts will involve hundreds of drugs "across virtually all major drug classes," including medications to treat cancer, diabetes and asthma, according to the fact sheet.

The White House did…

Original source: https://www.usatoday.com/money/