January 2, 2019 / 6:14 PM / 20 days ago

Trump says he expects to see lower drug prices

FILE PHOTO: Health and Human Services Secretary Alex Azar (L) listens as U.S. President Donald Trump speaks about prescription drug prices during a visit to the Department of Health and Human Services in Washington, U.S., October 25, 2018. REUTERS/Kevin Lamarque

WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday said he expects to see a tremendous decrease in drug prices even as drugmakers have taken steps to raise the prices of their medicines starting this month.

Trump made the comments during a meeting of his Cabinet at the White House that included U.S. Health Secretary Alex Azar. According to documents seen by Reuters, nearly 30 pharmaceutical companies have taken steps to end their self-declared halt to price increases this year.

Reporting by Jeff Mason,; Writing by Susan Heavey and Tom Brown

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