THE WHITE HOUSE

Office of the Press Secretary

FOR IMMEDIATE RELEASE

October 10, 2018

*_PRESIDENT DONALD J. TRUMP IS ENSURING PATIENTS RECEIVE THE INFORMATION THEY NEED TO SAVE MONEY ON PRESCRIPTION DRUGS _*

"We will work every day to ensure all Americans have access to the quality, affordable medication they need and they deserve. President Donald J. Trump "

*HELPING PATIENTS SAVE MONEY: President Donald J. Trump is signing legislation to help give patients more information to save on their prescription drugs. *


* Gag clauses prevent pharmacists from telling patients when they would pay less for drugs out of their own pocket instead of using their insurance. **
* President Trump is signing legislation ending gag clauses, following through on his promise to end these unfair clauses and help save patients money on the drugs they need.**
* The President is signing the Know the Lowest Price Act and the Patient Right to Know Drug Prices Act to end gag clauses for patients on Medicare and private plans. **
* The Presidents blueprint for lowering drug prices and reducing out-of-pocket costs called for an end to gag clauses. **

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*LOWERING DRUG PRICES: The President is working to deliver savings for American patients. *


* President Trump has made lowering drug prices a priority for his Administration and has taken action to achieve this goal. **
* The Food and Drug Administration approved the most generic drug applications ever in 2017. **
* These approvals saved patients an estimated $8.8 billion in 2017 alone. **
* These savings are estimated to jump to $16 billion over one full year after each generic approval in 2017. **

* In May 2018, President Trump released an American Patients First blueprint to lower drug prices and reduce out-of-pocket costs. **
* This blueprint laid out strategies for reform, including improved competition, better negotiation, incentives for lower list prices, and lowering out-of-pocket costs. **

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* Fifteen large drug manufacturers responded to the Presidents blueprint by announcing price freezes, reductions, and rollbacks.**
* The Trump Administration finalized changes to Medicares payment rate for certain drugs that will save seniors an estimated $320 million in drug costs this year. **

*PROTECTING SENIORS HEALTHCARE: President Trump will fight against so-called Medicare for All proposals that would take away benefits seniors have paid into all their lives. *


* While some have rallied around a proposal that would end Medicare as we know it, President Trump will fight to ensure seniors receive the benefits into which they have paid. **
* This proposal would lead to an extreme, anti-senior, anti-choice, and anti-consumer government takeover of health care. **

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* This so-called Medicare for All proposal would establish a government run, single-payer healthcare system that experts estimate would cost $32 trillion. **
* Even doubling taxes wouldnt be enough to pay for this astonishing price-tag.**

* Supporters of Medicare for All would have no choice but to cut benefits, raise economy-crippling taxes, or both to cover the massive cost**
* Many seniors would lose access to their favorite doctors and face long lines for appointments and procedures. **

* Medicare for All would eliminate Medicare Advantage plans for millions of seniors and take away seniors options for private supplemental coverage. **

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Public Pool is an automated feed of White House press pool reports. For live updates, follow @WHPublicPool on Twitter.