US President Donald Trump unveiled TrumpRx.gov at the White House, describing it as the largest reduction in drug prices in US history and a major step toward making medicines affordable for all Americans.
The website allows consumers to access discounted prescription medicines immediately through digital or printable coupons redeemable at participating pharmacies and mail-order providers, ensuring that Americans pay the same lowest price that any other country pays for the same drug.
The initiative applies a ‘most favoured nation’ pricing model, with 16 of the world’s 17 largest pharmaceutical companies signing agreements to comply, and the remaining company expected to join shortly.
Under this framework, new drugs introduced in the United States must also be offered at the lowest global price.
President Trump highlighted that tariffs played a key role in securing these agreements, pressuring other countries to lower drug costs while encouraging companies to invest domestically.
Centres for Medicare and Medicaid Services Administrator Mehmet Oz noted that consumers can now directly access steep discounts, reducing financial barriers that previously prevented many Americans from affording essential medications.
Major manufacturers, including AstraZeneca, Eli Lilly, EMD Serono, Novo Nordisk and Pfizer, initially offer over 40 commonly used prescription drugs on the website, with plans to add more over time.
The programme aids families needing fertility treatments, with one military spouse noting that lower drug prices can determine whether couples continue IVF.
Trump highlighted that it also boosts domestic pharmaceutical investment, creates manufacturing jobs, and strengthens national security.
By lowering costs, expanding access, and encouraging local production, TrumpRx.gov offers immediate savings for consumers and long-term economic benefits.
Also Read: Iran Unveils Underground Missile Base As Tensions With US Escalate
PM Modi will visit Brussels in December to sign the India-EU free trade agreement, European…
Sensex and Nifty extended gains for a second session as IT and pharma stocks attracted…
Reliance Jio added 1.9 million mobile subscribers in September, nearly 10 times Airtel’s 200,000 additions,…
Amit Shah announced the BJP’s plan to implement the Uniform Civil Code in Uttar Pradesh…
PM Modi releases Rs 18,680 crore under PM-KISAN's 24th instalment, benefiting 9.34 crore farmer families…
PM Modi said the agriculture budget rose over fivefold since 2013-14, with farmers gaining Rs…