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Drugmakers deliver counteroffer to Trump pricing plan -Politico

Credit: REUTERS/ERIN SCOTT

Drugmakers made a counteroffer to the White House to stall President Donald Trump's plan to link Medicare's spending on some expensive drugs to the much lower prices that they command abroad, Politico reported on Tuesday, citing an internal memo to industry lobbyists.

Aug 25 (Reuters) - Drugmakers made a counteroffer to the White House to stall President Donald Trump's plan to link Medicare's spending on some expensive drugs to the much lower prices that they command abroad, Politico reported on Tuesday, citing an internal memo to industry lobbyists.

The memo was approved by pharmaceutical industry trade group PhRMA on Sunday and was shared shortly after that, the report said, adding that it was not clear if the president had been briefed on the matter.

The White House and PhRMA did not immediately respond to requests for comment.

(Reporting by Neha Malara and Rama Venkat in Bengaluru; Editing by Leslie Adler)

((Neha.Malara@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3443;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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