Can TrumpRx help you save money on drugs? Here's what experts say.
CBSN
After last week's launch of TrumpRx, President Trump described the discounted drug platform as "one of the most transformative health care initiatives of all time." But experts and health care advocates said that limitations with the new service could undermine its value to consumers. Edited by Alain Sherter In:
After last week's launch of TrumpRx, President Trump described the discounted drug platform as "one of the most transformative health care initiatives of all time." But experts and health care advocates said that limitations with the new service could undermine its value to consumers.
"The prices are absolutely cheaper than list prices, but only for cash patients or patients whose insurance does not sufficiently cover these drugs," Yunan Ji, a health policy expert at Georgetown's McDonough School of Business, told CBS News. "For a small share of the market, it will deliver meaningful savings, but it is not going to change the whole drug pricing landscape for most Americans."
Anthony Wright, executive director of Families USA, an advocacy group for health care consumers, applauded the Trump administration's effort to lower drug prices for Americans. But he said TrumpRx doesn't serve as a "one-stop shop" for consumers who want to compare drug prices and secure the lowest costs, describing the system as more of a "catalog of coupons from existing programs from drug companies."
Wright also said he'd like to see TrumpRx offer a broader range of drugs, including those used to treat cancer and other diseases (see below for a list of all drug discounts available through TrumpRx.)
The White House told CBS News that such discounts only exist because the Trump administration negotiated so-called "most-favored-nation" agreements with pharmaceutical firms to lower prices. Under that policy, drugmakers must sell meds to U.S. customers at the same prices available in other countries, including those with lower drug costs.
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