Trump plan for drug prices won't include direct negotiations - Spokane, North Idaho News & Weather KHQ.com

Trump plan for drug prices won't include direct negotiations

Posted: Updated:
WASHINGTON -

President Donald Trump is set to unveil his long-awaited plan for reducing drug prices.
  
The strategy will be outlined in a speech Friday. It comes after more than a year of promises to tackle pharmacy costs that are squeezing millions of Americans.
  
The administration is not expected to act on a key Trump campaign pledge to use the massive buying power of the federal government's Medicare program to directly negotiate lower drug prices for seniors.
  
Instead, administration officials are previewing a raft of old and new ideas to increase competition and improve transparency in the notoriously complex drug pricing system with the ultimate aim of wringing more savings for consumers.

(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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