In taking on high drug prices, Trump faces a complex nemesis


President Donald Trump arrives on Air Force One at South Bend International Airport in South Bend, Ind., Thursday, May 10, 2018, en route to Elkhart, Ind., for a campaign rally. (AP Photo/Carolyn Kaster)

WASHINGTON (AP) – President Donald Trump is expected today to give his first speech on lowering drug prices.
Administration officials who previewed the speech touted it as the most comprehensive plan to tackle prescription drug costs that any president has ever proposed, but they’ve offered few specifics.
Officials say the plan would increase competition, create incentives for drugmakers to lower initial prices and slash federal rules that make it harder for private insurers to negotiate lower prices. The result would be lower pharmacy costs for patients – a key Trump campaign promise.

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