Listen to this article

On Wednesday, the U.S President Donald Trump said that he is expecting from major drug companies to cut-down prices of their products within 2-weeks. He didn’t provide more details that which companies will drop prices and how this cut back will take place. The Washington health care community said that they were shocked by this surprise because they hadn’t any idea what Trump was discussing. The U.S President said at a signing ceremony that people will find some major news from major drug companies during next 2-weeks. He added that they will announce due to White House has done something extraordinary and they will voluntary announce a significant amount of decrease in drug prices. He added that a new law would make it simpler to critically ill people to try experimental treatments.

The spokesman for the Department of HHS (Health and Human Services) said that agency is not allowed to share something about the comments of Donald Trump. Trump announced at the beginning of May about the supposed plan of his administration to decrease prescription drug prices and it will be done through regulatory authority. He also called it the most important sweeping action in history to decrease the medicine cost for customers. It is important that the NYSE Arca Pharmaceutical Index. DRG has important drug-makers and they will supposedly decrease a quarter of current prices. Point to be noted that a large number of drug-makers often increase prices on prescription medicines 2-times in a year. The drug companies have blamed middlemen for an increase of public pressure to decrease drug prices.