Says one lobbyist, “The administration is imposing foreign price controls from countries with socialized health care systems that deny their citizens access and discourage innovation.”
The lobbying groups for U.S. drugmakers aren't happy about President Donald Trump's plan to borrow from Europe's system of paying for some high-cost drugs.
On Thursday, Trump proposed cutting what Medicare pays for many costly drugs that are administered in hospitals and clinics, using a new index of prices that would bring U.S. government payments closer to what European countries pay.
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