1 of 5 | From left, Health and Human Services Secretary Robert F. Kennedy Jr., Centers for Medicare and Medicaid Services Administrator Mehmet Oz, Pfizer CEO Albert Bourla, President Donald Trump and Food and Drug Administration Commissioner Marty Makary stand during an announcement in the Oval Office on Tuesday. Trump announced an agreement with the pharmaceutical company to sell its medications through Medicaid at lower prices. Photo by Francis Chung/UPI | License Photo
Sept. 30 (UPI) -- President Donald Trump announced Tuesday that he has secured a deal with drugmaker Pfizer to lower its prescription prices.
The White House also announced a new direct-to-consumer website to sell medications at discounted rates, calling it TrumpRX, the administration said in a statement. The president didn't elaborate on how it will work.
"This is a really big announcement," Trump said. "This is something that most people said was not doable." He said more deals with drugmakers would follow.
Trump signed an executive order in May to get "most-favored nation status" with pharmaceutical companies, and the administration has been negotiating with drug companies since then.
