Ep 079 - Can Trump Fix Drug Prices?

President Trump, now in his second term, has signed two executive orders he believes will lower prescription drug prices. He's pressuring "big pharma", trying to cut out PBM's (Pharmacy Benefits Managers), and restricting how much Medicare and Medicaid will pay. Is it enough? Are these even the right targets? What will all of this mean when picking up a prescription? We dig into the details and take a look at what all of this means for your wallet.

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Generation Health is a podcast discussing cutting edge research and time tested best practices to help you live better, longer. Joey DiMatteo (PharmD, CCN), & Dante DiMatteo (PharmD) are the second generation in a family dedicated to helping educate listeners so they can make informed decisions about their own health. Incorporating their extensive knowledge in pharmaceuticals, nutrition, exercise, and supplementation, they love sharing their wisdom with anyone looking to improve their life!

CHAPTERS:
01:16 - Executive Orders Overview
03:21 - Most Favored Nation
05:50 - How did we get here?
06:25 - Price Controls
08:10 - Patent Laws & Exclusivities
10:51 - What are PBMs?
12:55 - Big 3 PBMs
21:53 - Direct to Consumer Rx
23:44 - Medicare Price Negotiations
31:58 - Show Outro

SHOW NOTES:
1) Prescription Drug Pricing (White House) - https://tinyurl.com/2bcj6dbt
2) Plan to pressure drug companies to lower costs (ABC News) - https://tinyurl.com/5x98wp6n
3) Lowering Drug Prices (White House) - https://tinyurl.com/3cak5y5m
4) Fact Sheet: Lower Prescription Drug Prices (White House) - https://tinyurl.com/4bchne2v
5) Letter to Drug Manufacturers (X) - https://tinyurl.com/4hcc7rna

DISCLAIMER: This podcast is for general informational purposes only and does not constitute the practice of medicine, nursing, or other professional healthcare services, including the giving of medical advice. No doctor-patient relationship is formed. The use of this information and the materials linked to this podcast is at the user's own risk. The content on this podcast is not intended to be a substitute for professional medical advice, diagnosis, or treatment. Listeners should NOT disregard or delay in obtaining medical advice for any medical condition they have, and they should seek the assistance of their healthcare professionals for any such conditions.