The Larry Elder Show 6:00pm - 9:00pm

Listen Live

Search

Federal Officials Begin Talks with Drug Companies on Trump Pricing Plan

Thursday, March 19, 2026 at 4:51 PM

The U.S. Department of Health and Human Services has started discussions with pharmaceutical companies about implementing President Trump's most-favored-nation pricing proposal. The initiative seeks to make American prescription drug prices match those found in other developed nations.

Federal health officials announced Thursday they have initiated conversations with drug manufacturers regarding legislation to implement President Donald Trump’s most-favored-nation pricing proposal.

Chris Klomp, chief counselor for the U.S. Department of Health and Human Services, stated the administration has started briefing pharmaceutical companies on the initiative. The plan would bring American prescription medication prices in line with costs seen in other developed nations worldwide.

The most-favored-nation approach represents the Trump administration’s effort to reduce prescription drug expenses for American consumers by matching international pricing standards.

Share

More from TV Delmarva Channel 33 News

  • President Urges Israel to Halt Energy Strikes as Middle East Crisis Worsens

    President Trump has instructed Israeli Prime Minister Netanyahu to stop targeting Iranian energy facilities after retaliatory strikes sent global fuel prices soaring. The escalating conflict has damaged critical energy infrastructure across the Middle East, including facilities that process a fifth of the world's natural gas.

  • Defense Startup to Begin Drone Manufacturing at Ohio Facility

    Anduril Industries will start producing high-speed combat drones at its new $1 billion Ohio manufacturing facility within days. The defense technology company expects to hire over 4,000 workers in the next decade as military interest in unmanned aircraft grows.

  • SEC Creates New Accounting Watchdog Unit While Cutting Oversight Board Staff

    The Securities and Exchange Commission is establishing a specialized enforcement team to monitor accounting violations while simultaneously reducing staff at an existing oversight board. The moves suggest the SEC may be taking over functions previously handled by the Public Company Accounting Oversight Board.

  • Powerful Cyclone Narelle Threatens Australia’s Northeast Coast

    Tropical Cyclone Narelle is approaching Australia's northeast coastline as a dangerous Category 4 storm, bringing potentially devastating winds up to 155 mph. Officials are warning approximately 300,000 residents across Far North Queensland to seek immediate shelter as the cyclone prepares to make landfall Friday morning.