Trump and Pharmaceuticals- Friend or Foe?

Trump and Pharmaceuticals- Friend or Foe?

The back and forth debate on health and the power of pharmaceutical companies have been the centerpiece topic since President Trump’s speech in the Rose Garden. Republicans believe that the high health costs are a result of Obamacare, and Democrats believe that the costs are due to the Republican dismantle of Obamacare. According to The Wall Street Journal, President Trump stated in his speech that he refuses to reward companies that constantly raise prices.

Express Scripts, which is one of the largest pharmacy benefit companies, completely supports the policies that Trump outlined at the Rose Garden. Other experts such as the Pharmaceutical Research and Manufacturers of America stated that, “While some of these proposals could help make medicines more affordable for patients, others would disrupt coverage and limit patients’ access to innovative treatments.”

Trump’s campaign promise included a plan that would authorize Medicare to negotiate directly with drug companies to reduce the cost of healthcare. A lot of the major drug companies were reportedly relieved with the plan, with the shares of their stocks growing after Trump’s speech. The plan that was proposed includes more than 50 initiatives, but many of them are geared toward future changes.

Some drug pricing experts believe that Trump’s plan will have a minimal change in the industry. Craig Garthwaite, director of the health- care program at Northwestern University’s Kellogg School of Management said, “The proposal is vague on details and filled with more slogans than actual sound economic policies.”

Do you think the pharmaceutical companies are gaining too much power, or does Trump have them under control? Overall, only 18% of people believe that the pharmaceutical companies are too powerful, while 82% believe that Trump will not be bought. Read more about this story on The Wall Street Journal here.

Here’s how people on the Zip app are weighing in on this all over the country!

Is Trump getting lobbied by pharmaceutical companies? Looks like he’s going soft after his speech in the Rose Garden, a change from his campaign promises.

Zip users in 173 cities and 40 states weighed in on this question.

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