President Trump announces plan to cut drug prices for Medicaid

President Donald Trump announced that all 50 states will join a program to provide Most Favored Nation pricing for some Medicaid drugs. The administration claims this plan, called the Medicaid “GENEROUS” model, will save billions on prescription drug costs. Last year, Trump signed an executive order to pay the same price for medications as the lowest-paying nation. The White House estimated these deals could save $529 billion over 10 years. However, details of the deals remain unclear, raising questions about the true savings. The announcement comes as cost-of-living issues are a major concern for voters.