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Trump Meets With Democrats at White House on Drug Prices

  • Democrats presented Trump with plan for Medicare negotiations
  • President’s tweet on Tuesday sent Pharma stocks tumbling
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Trump vs. Big Pharma: Can He Bring Drug Prices Down?

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President Donald Trump told Democrats at the White House Wednesday that he wants to do something about U.S. drug prices, according to a lawmaker at the meeting, an area of potential bipartisan agreement as the two parties wrangle over Republicans’ attempt to repeal Obamacare.

Representatives Elijah Cummings of Maryland and Peter Welch of Vermont presented Trump with a bill to have Medicare directly negotiate drug prices with manufacturers, and also talked about the price of the EpiPen, Mylan NV’s emergency allergy shot that became a focus for critics of high pharmaceutical prices. Both lawmakers are Democrats.