Drug prices

For years the democrats have pushed for Medicare to have the authority to negotiate with Big Pharma on drug prices. For decades, Democrats have advocated for empowering Medicare to negotiate drug prices, arguing it would be a significant step towards making prescription drugs more affordable for Americans. As part of Biden’s Inflation Reduction Act, Medicare was allowed to negotiate prices on a few drugs. The Inflation Reduction Act, signed by President Biden, authorized Medicare to negotiate prices for certain high-cost drugs. Trumps plan is to modify what Biden did. Trump has also proposed a "most favored nation" approach, where the US would pay the lowest price paid by other developed countries for prescription drugs. This proposal could potentially lower drug prices but differs from direct Medicare negotiation. This is an opportunity for the democrats to jump on board and get drug prices down but they seem ambivalent and thus far have remained quiet.