(Natural News) During his first press conference as president-elect, Donald Trump unveiled how he plans to remove himself from his family’s business dealings to avoid any appearance of a conflict of interest while president. He also railed against the pharmaceutical industry, which he boldly described as “getting away with murder,” as he called for “new bidding procedures” to lower drug costs and presumably end the Big Pharma monopoly that has been strangling American healthcare for decades.
Following through on one of the many pro-business promises he made all along the campaign trail, Trump reiterated the need to rethink the way our country buys and sells drugs to help lower costs in the public interest. The United States is currently the largest buyer of pharmaceutical drugs in the world, and yet prices are completely out of control. Trump would like to see this change by using simple competitive market forces, a position that appeals to a strong public sentiment that Big Pharma has been getting away with far too much for far too long.
“Pharma has a lot of lobbyists and a lot of power,” the president-elect proclaimed before an eager press pool, “and there’s very little bidding. We’re the largest buyer of drugs in the world and yet we don’t bid properly.”
President-elect Trump’s statements come amidst the drug industry’s major annual investor conference, which is currently taking place in San Francisco. Though no specific policy proposals were presented by Trump as to how drug pricing will change, the writing seems to be on the wall for many key players within the drug industry, which felt a major hit in the stock market following the announcement. (Click to Article)