Trump's proposal for how to lower prescription drug prices fails to make things better for seniors.

[riversedge]

I do not imagine the trumpsters are going to throw a fit over this. They most likely do not read articles such as this


Alliance Retirees @ActiveRetirees
May 11

President Trump's proposal for how to lower prescription drug prices fails to make things better for seniors. Learn more by reading Executive Director @RFiestaARA's statement here: http://ow.ly/eUKj30jXjTk #RxForAll

Link to tweet

For Immediate Release
May 11, 2018
Contact:
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David Blank 202-637-5275 or
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[e-mail]

Plan is the Opposite of what Trump Promised During 2016 Election


Statement of Richard Fiesta, Executive Director of the Alliance for Retired Americans, following the
release of President Trump’s plan to reduce prescription drug prices:

“President Trump’s prescription drug price proposal is anemic. By leaving out the most potent weapon to
combat skyrocketing prices, allowing Medicare to negotiate prices with pharmaceutical corporations, he’s
broken his oft-stated campaign promise. We are outraged that he has chosen to side with the powerful
multinational pharmaceutical corporations and against American retirees and consumers.

“Drug price negotiation works for the Veterans Administration and Medicaid, saving taxpayers millions
each year. It makes no sense to continue to prevent Medicare from doing the same on behalf of its 55
million beneficiaries. Pharmaceutical corporations received a huge windfall in the 2018 tax bill, and this
proposal ensures their profits will increase even further.

“The administration’s approach consists largely of encouraging increased use of generic prescription
drugs, increasing competition and creating nonspecific incentives for lower list prices. Medicare Part D's
20 most prescribed drugs have seen a 12% price increase, while another six saw hikes over 100%
​
. We need strong actions that get to the root of the issue, not just rhetoric.
"Most seniors will not see any changes in what they are charged for their medicines if this plan is
enacted. They need relief now, including what was promised during the 2016 campaign."
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The Alliance for Retired Americans is a national organization that advocates for the rights and well-being
of over 4.4 million retirees and their families. @activeretirees
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www.retiredamericans.org