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Trump Signs Law To Lower Drug Prices, Ends Gag Orders Against Pharmacists | The Western Journal

President Donald Trump signed a law that ends insurance companies’ pharmacist gag clauses in an effort to lower drug prices Wednesday.

“If there’s anything bipartisan it’s lowering drug prices,” Trump said while signing the Patients’ Right To Know Drug Prices Act according to CBS News.

Currently, insurers and pharmacy benefit managers use the gag clauses to “forbid pharmacists from proactively telling consumers if their prescription would cost less if they paid for it out-of-pocket rather than using their insurance plan,” according to a press release from Maine Republican Sen. Susan Collins, the bill’s sponsor.

Trump also signed Democratic Michigan Sen. Debbie Stabenow’s Know the Lowest Price Act, which “prohibits Medicare drug plans from putting a gag clause on a pharmacy in their contracts,” according to CNN.

The Patients’ Right To Know Drug Prices Act would lead to “a slight decrease in federal revenues,” according to the Congressional Budget Office.

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Trump Signs Law To Lower Drug Prices, Ends Gag Orders Against Pharmacists.