Lower Drug Prices: A Great Deal for America
By Steve Cortes
5/8/2025 Updated: 5/8/2025
Commentary
In November 2024, Americans sent a clear election message and delivered President Donald Trump a clear mandate: Prices are way too high. While inflation has hit our grocery stores (up by 23.6 percent since 2020) and housing costs (up by 30.9 percent since 2020), there’s another cost outpacing the rest when it comes to price hikes. Prescription drugs have jumped by 46.2 percent since 2020, forcing Americans to pay the highest price in the world for life-saving medications. No wonder citizens are angry.
In 2022, Congress passed legislation that gave the Centers for Medicare and Medicaid Services (CMS) the authority to negotiate lower drug prices on behalf of Medicare beneficiaries for the first time. As this administration targets cost-saving measures across government, this program is projected to save billions of dollars, with an estimated $1.5 billion in savings for seniors next year alone and $100 billion in total taxpayer savings over 10 years.
Thankfully, Trump knows how to negotiate. With his leadership, Medicare negotiation could be just the start of a larger effort to earn a better deal for Americans on prescription drugs. This issue presents an enormous opportunity for the president to bolster his legacy by protecting and expanding the government’s ability to crack down on corrupt lobbyists and special interests and allow the government to negotiate directly with drug manufacturers to lower prescription drug prices for the American people.
This issue is not new to Trump, who has long railed against the corruption and greed in the pharmaceutical industry. He recognizes that “we pay, as a country, so much more for drugs because of the drug lobbies,” whom he says are “getting away with murder.” Trump’s solution?
“Tougher negotiation [and] more competition [will lead to] much lower prices,” he said.
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READ MORE: https://www.theepochtimes.com/opinion/lower-drug-prices-a-great-deal-for-america-5850794?ea_src=frontpage&ea_cnt=a&ea_med=opinion-7
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