Washington, D.C. — President Donald Trump announced today that AstraZeneca has agreed to lower prescription drug prices for Medicaid under a new deal with the Trump administration. The agreement, unveiled in the Oval Office, stipulates that AstraZeneca will provide all its medications to Medicaid at “most-favored-nation” prices—the lowest prices offered in other developed countries.
In addition to the Medicaid pricing, the deal includes provisions for direct-to-consumer sales through the upcoming TrumpRx.gov platform, allowing patients to purchase medications at reduced prices. AstraZeneca has committed to offering discounts of up to 80% off list prices for certain drugs, including inhalers for asthma and chronic obstructive pulmonary disease (COPD).
As part of the agreement, AstraZeneca will invest $50 billion in U.S. manufacturing and research and development by 2030, aiming to produce all its medicines sold in the U.S. domestically. In return, the company will receive a three-year exemption from tariffs on imported branded medicines.
The deal follows a similar agreement with Pfizer announced last month and is part of the administration’s broader effort to reduce prescription drug costs in the U.S. While the agreement is expected to benefit Medicaid patients, experts caution that broader systemic issues in drug pricing remain unaddressed.
Sources:
- AP News
- Reuters
- The Guardian
- Washington Post
- Financial Times
- Al Jazeera
- STAT News
- White House Fact Sheet
- AstraZeneca Press Release
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