October 25, 2018 / 6:50 PM / 9 months ago

REFILE-Trump seeks to base Medicare drug prices on lower overseas rates

(Corrects typograpical error in headline to make it “Medicare”)

WASHINGTON, Oct 25 (Reuters) - U.S. President Donald Trump said on Thursday his administration is seeking to lower prescription drug prices by determining the price the government’s Medicare program pays for some drugs based on the lower prices paid in other countries.

Trump, speaking at the Department of Health and Human Service’s Humphrey Building near Capitol Hill, said the move takes aim at what he characterized as “global freeloading” on prescription drugs. (Reporting by Yasmeen Abutaleb; writing by Michael Erman; editing by Jonathan Oatis)

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