Consumer Confidential: Trump's budget plan offers little more than a Band-Aid for soaring drug prices
by David Lazarus, Los Angeles Times
Feb 15, 2018
4 minutes
President Trump repeatedly has declared his unwavering commitment to improving healthcare and lowering drug prices.
This week, he unveiled a $4.4-trillion budget plan that pointedly avoids taking meaningful steps to accomplish those goals. Instead, it offers tepid half-measures that are little more than Band-Aids for problems requiring major surgery.
Trump's plan calls for capping how much seniors pay annually for prescription drugs, making generic meds free for low-income seniors and allowing Medicare beneficiaries to share in any rebates offered by drug companies to the middlemen that negotiate costs on behalf of insurers and pharmacies.
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