Susan Walsh / APPresident Donald Trump speaks during a news conference in the briefing room at the White House in Washington, D.C., on Nov. 20, 2020. (Susan Walsh / AP)
The Trump administration issued regulations on Friday that could lower the prices Americans pay for many prescription drugs.
“The drug companies don’t like me too much. But we had to do it,” President Donald Trump said in announcing the new policy at the White House.
“I just hope they keep it. I hope they have the courage to keep it,” he added, noting pressure from drug company lobbyists.
It’s hard to say whether the rules will withstand expected legal challenges from the pharmaceutical industry or whether a Biden administration would accept, amend or try to roll them back entirely.
One of the finalized rules would tie what Medicare pays for medications administered in a doctor’s office to the