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Trump plans first major speech on drug prices next week | POLITICO

President Donald Trump is set to deliver his first major speech on drug prices on April 26, revisiting an issue he campaigned on but that is unlikely to yield major legislative changes.

The strategy is unlikely to call for actions of the sort Trump touted on the campaign trail like allowing the government to negotiate the cost of drugs for Medicare, but based on the president’s fiscal 2019 budget request could advocate for Medicare and Medicaid demonstrations to test new ways of paying for drugs on a smaller scale, like allowing some states to try negotiating drug costs in Medicaid.

Trump’s remarks are expected to coincide with a formal request for information from HHS on various drug pricing ideas, according to White House deputy press secretary Hogan Gidley.

The White House confirmed the speech to Axios Monday morning, and later to POLITICO.

White House and HHS officials had been discussing when and how to roll out a drug pricing plan that Trump has been eager to make public, and in recent weeks they had tentatively targeted the last week of April.

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Trump plans first major speech on drug prices next week – POLITICO.

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