Skip to main content
Tags: azar | health | care | drug | prices | trump | plan

Azar: Trump Plan to Lower Drug Prices Almost 'European'

alex azar
Alex Azar (Alex Brandon/AP)

By    |   Friday, 01 February 2019 03:55 PM EST

Health and Human Services Secretary Alex Azar said Friday that part of the Trump Administration’s proposal to lower drug prices acts “almost as a European single payer” plan.

“Well, that’s a proposal that we made earlier this year around one part of our program where we act, frankly, as a European, almost as a European single payer,” Azar said in an interview on Hugh Hewitt’s “The Hugh Hewitt Show.”

“We, there’s no choice in the program. It’s called Medicare Fee for Service part B. These are the drugs that the doctor administers to you in their office or at the hospital. And we basically pay this formula called average sales price, which is usually just about list price plus a 6 percent markup, and we don’t get discounts. We’re paying 1.8 times what the Europeans and Japan are paying for the exact same drugs.”

“When you show up at the pharmacy to buy a drug that’s got a price of $300 dollars, and you’re paying $300 dollars or a percent of that $300, there’s somebody in the background. They’re called a pharmacy benefit manager or a middleman. They are receiving a kickback from the drug company based on your having bought that drug. And that kickback might be $60 dollars, $80 dollars, $100 dollars. And what President Trump is proposing is that you, the patient, should get that discount when you walk into the pharmacy. So you save that money directly, tens of billions of dollars of direct savings to patients starting Jan. 1, 2020, when they walk into the pharmacy.”

© 2026 Newsmax. All rights reserved.


Newsfront
Health and Human Services Secretary Alex Azar said Friday that part of the Trump Administration’s proposal to lower drug prices acts “almost as a European single payer” plan.
azar, health, care, drug, prices, trump, plan
261
2019-55-01
Friday, 01 February 2019 03:55 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved