Trump Reverses After Meeting With Lobbyists

[MI2AZ]

During the campaign, Donald Trump promised he could save Americans $300 billion every year, a sum larger than the cost of World War Two in today’s dollars, by allowing Medicare to negotiate drug prices directly with manufacturers. Republicans say Medicare, the government’s program to cover medical care for older Americans, faces serious financial troubles in coming years.

Today, after a meeting with pharmaceutical lobbyists, Donald Trump reversed his promise to negotiate drug prices. Trump instead announced lower taxes and fewer regulations on the pharmaceutical industry

Here’s his statement announcing the plan.

After telling pharmaceutical industry executives present that “you people are gonna do great, you’re gonna do great,” he promised that he would be “lowering taxes big league” and “getting rid of regulations that are unnecessary, big league.”

Just weeks ago, he told Fox Business that “drug companies are getting away with murder” and “pharma has a lot of lobbyists, a lot of power.”

 

[9andaWiggle]

This is very disappointing if true.

 

[bbfreeburn]

This is very disappointing if true.

But not unexpected.

 

[Greg T.]

I don't understand the problem, here. He clearly stated fewer regulations, easier to acquire permits, encourage competition, encourage new companies, lower drug prices. How can this be bad????? If a drug company brings manufacturing back to the states and doesn't need a full bank of attorneys to acquire permits, and has fewer regulations sucking money hand over fist, how is this bad?

 

[AlwaysWrite]

I don't understand the problem, here. He clearly stated fewer regulations, easier to acquire permits, encourage competition, encourage new companies, lower drug prices. How can this be bad????? If a drug company brings manufacturing back to the states and doesn't need a full bank of attorneys to acquire permits, and has fewer regulations sucking money hand over fist, how is this bad?

Dear Greg T:

You're correct. It isn't bad.