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Railing against ‘global freeloading,’ Trump details new plan to lower drug prices

In a speech that railed against "global freeloading," President Trump outlined a new policy he says will “allow Medicare to determine the price it pays for certain drugs based on…
President Donald Trump Source: Susan Walsh/AP

WASHINGTON — President Trump on Thursday blasted pharmaceutical companies for having “rigged the system” against American consumers by charging higher prices in the U.S. than they do abroad, announcing a new proposal he says will help even out those differences.

“We’re taking aim at the global freeloading that forces American consumers to subsidize lower prices in foreign countries through higher prices in our country,” Trump said. “It’s almost unimaginable that it hasn’t been taken care of long before this.”

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