President Donald Trump is charging forward with a wave of drug pricing initiatives as Republicans seek to dismantle Democrats’ justification to shut down the government over healthcare demands.
As Democrats have dug their heels in over an extension of Obamacare insurance premium tax credits to give their support for a government funding patch, with funding lapsing at midnight on Sept. 30, Trump has moved forward with several health policy announcements, including his pharmaceutical tariffs set to take effect on Wednesday.
On Tuesday, Trump announced a deal with pharmaceutical conglomerate Pfizer Inc. to decrease drug prices. This is part of his Delivering Most-Favored-Nation Prescription Drug Pricing plan, which he proposed in a May executive order, before he increased pressure on drug companies with a July letter demanding action.
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