Tags: alex azar | hhs | trump | democrats | drug prices

HHS Sec. Azar: White House Willing to Work with Dems on Drug Prices

(Fox News/"America's Newsroom")

By    |   Tuesday, 08 January 2019 01:41 PM

Drug prices must start coming down, and the White House will work with both Democrats and Republicans to make that happen, House and Human Services Secretary Alex Azar said Tuesday.

"What's happening is these drug companies keep increasing their list price so they can funnel more money to the middlemen, these pharmacy benefit managers as kickbacks to keep their drug in a preferred status on the drug formulary," Azar told Fox News' "America's Newsroom."

"We've got to tackle these incentives or we're going to keep seeing increasing list prices."

The administration has been making some "historical" progress, said Azar, but the president has made clear that drug prices must start coming down.

"We will work with Democrats, we will work with Republicans to make that happen," said Azar.

Meanwhile, Trump has approved several items in hopes of bringing down prices, including approving new levels of generic drugs, saving $26 billion during the first two years of his term alone, said Azar.

Trump is also ending "foreign freeriding" from American investment in research and development, and has made it easier for pharmacists to inform patients about lower-cost alternatives for their medications.

"The president has been clear; prices need to be coming down, not up," said Azar. "The price increases that have happened, these are lower than happened the past years, and that's real savings."

© 2019 Newsmax. All rights reserved.

   
1Like our page
2Share
Newsfront
House and Human Services Secretary Alex Azar says drug prices must start coming down, and the White House will work with both Democrats and Republicans to make that happen.
alex azar, hhs, trump, democrats, drug prices
223
2019-41-08
Tuesday, 08 January 2019 01:41 PM
Newsmax Media, Inc.
 

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