President Trump Vs. Big Pharma: 5 Revelations Into The Rocky Relationship

With Republican control of the House and Senate, there should be little to stop President Donald Trump's promise to make America great again. For Big Pharma, that may mean sharing profits with consumers to bring prescription drug costs down. Let the battle begin.

1. Growth of Big Pharma

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Sales of prescription drugs are steadily increasing, and pharmaceutical companies are profiting ever increasing billions each year. But that may soon change, as President Donald Trump is taking Big Pharma head on! Currently pharmaceutical companies can charge any amount to Medicare for their drugs. However, if President Trump gets his way, pharmaceutical companies will start negotiating pricing of drugs directly with Medicare.

2. Big Pharma: Stock Market Reality Check

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A motivating factor for Trump voters may have been the belief that his election would lead to favorable financial gains for businesses, business owners, and investors across industries. However, during the first press conference since being elect, Mr. Trump may have curbed some of the enthusiasm. Who is now most nervous about how Big Pharma companies are performing in the stock market? And what does the future hold during the next four years for this sector?

3. Can Trump Fix the Donut Hole and Save Seniors?

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Seniors are struggling to overcome out of pocket medical expenses due to the Medicare Part D "donut hole". Why does this donut hole exist when Big Pharma is making billions in profits? With President Trump taking the fight to the pharmaceutical industry, hopefully no seniors will be faced with a choice between paying for needed prescription drugs vs. paying for their essential basic needs to live.

4. Cheaper Drugs? Not in the USA.

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Price gouging could be attributed to Big Pharma due to the price Americans have to pay for prescription drugs compared to our international counterparts. Yes, there is a high cost in developing new lifesaving drugs, but who ultimately sets the price, and at what cost?

5. Alternative : Manufacturing Drugs in the USA

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In President Donald Trump's first news conference since the election, he announced his vision to increase American job opportunities by manufacturing prescription drugs in the United States rather than purchase them abroad. With such changes possibly being made, will international ties be at risk? Will generic brands become the go-to? Will there be a bidding war on who can provide the cheapest priced drugs on American soil? How will pharmaceutical companies respond to a reduction in power?