{"id":269886,"date":"2025-11-08T00:08:09","date_gmt":"2025-11-08T00:08:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/269886\/"},"modified":"2025-11-08T00:08:09","modified_gmt":"2025-11-08T00:08:09","slug":"why-us-drug-prices-are-so-high-can-trump-really-cut-them","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/269886\/","title":{"rendered":"Why US Drug Prices Are So High. Can Trump Really Cut Them?"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Americans<a href=\"https:\/\/www.oecd.org\/en\/data\/indicators\/pharmaceutical-spending.html?oecdcontrol-4c6ab2f38a-var8=PT_EXP_HLTH%7CUSD_PPP_PS\" title=\"Click to view webpage.\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\"> spend more<\/a> on prescription drugs than anyone else in the world. It\u2019s true that they take a lot of pills. But what really sets the US apart is how much drugs cost. Unlike in most other countries, their prices are established without direct government intervention. Modest changes under then-President Joe Biden reduced the expense of some medicines for senior citizens. <\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">His successor Donald Trump has vowed to slash US drug prices and bring them in line with those in other wealthy countries. In July, he sent <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114949049238065269\" title=\"Click to view webpage.\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">letters<\/a> to 17 major drugmakers demanding price concessions, and since then <a href=\"https:\/\/www.bloomberg.com\/news\/terminal\/T4KUL1GPL3XC\" class=\"media-ui-Link_link-tVkXhPLPofs- whitespace-normal\" target=\"_blank\" rel=\"noopener nofollow\" data-component=\"link\">he\u2019s cut pricing dealsBloomberg Terminal<\/a> with a handful of them, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-06\/lilly-novo-to-lower-obesity-drug-prices-in-deal-with-trump\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">including the makers<\/a> of blockbuster weight-loss medications. But with details sparse, it remains unclear how much the agreements will actually lower overall costs.<\/p>\n","protected":false},"excerpt":{"rendered":"Americans spend more on prescription drugs than anyone else in the world. It\u2019s true that they take a&hellip;\n","protected":false},"author":2,"featured_media":269887,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[64,63,99,20097,65052,1730,2542,3786,137,18461,5465,11973,18460,9959,490,22606,115155],"class_list":{"0":"post-269886","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-medication","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-donald-john-trump","12":"tag-drug-companies","13":"tag-drugs","14":"tag-explainer","15":"tag-government","16":"tag-health","17":"tag-industries","18":"tag-inflation","19":"tag-joe-biden","20":"tag-july-sarl-caen","21":"tag-law","22":"tag-medication","23":"tag-pharmaceutical","24":"tag-the-cigna-group"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/269886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=269886"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/269886\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/269887"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=269886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=269886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=269886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}