'Negotiator' Trump caves to big pharma
Popular vote loser Donald Trump made a lot of promises during the campaign, touting his superior powers as a negotiator. He was going to make all the deals. He was going to bring big pharma to its knees, forcing it to negotiate Medicare drug prices. Then he met big pharma, and folded like his ill-fitting suit.
Today, after a meeting with pharmaceutical industry lobbyists and executives, he abandoned that pledge, referring to an idea he supported as recently as three weeks ago as a form of price fixing that would hurt smaller, younger companies. Instead of getting tough, Trumps new plan is that hes going to be lowering taxes and getting rid of regulations. [
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As recently as January 11, President-elect Trump was promising to revisit this policy.
"Pharma has a lot of lobbies, a lot of lobbyists and a lot of power. And there's very little bidding on drugs," he said at a press conference at Trump Tower in Manhattan. "We're the largest buyer of drugs in the world, and yet we don't bid properly."
Today he apparently changed his mind. According to Herb Jackson, the designated pool reporter for the day, Trump's new policy on prescription drugs is that drug companies should get tax cuts and deregulation.
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