Will Prescription Prices Go Down?

To little media fanfare, major action was taken last week to lower prescription drug prices substantially. Can it work?

President Donald J. Trump is applauded as he signs a series of Executive Orders on lowering drug prices Friday, July 24, 2020, in the South Court Auditorium in the Eisenhower Executive Office Building at the White House. (Official White House Photo by Shealah Craighead)

There is no shortage of low-hanging fruit on the political field as U.S. voters brace for an election year sprint unlike any other.

The cost of healthcare, and the cost of education, have skyrocketed over the past three decades. That both major political parties have largely ignored these two foremost voter concerns has created an enormous opportunity for someone like Donald Trump.

“Since the day I took office, I have made reducing drug prices one of my highest priorities.” — President Trump

Even the triumph of the Affordable Care Act, former President Barack Obama’s signature legislation sometimes called “Obamacare”, left affordable healthcare out of reach for millions.

Besides uninsured Americans, for whom the idea of expanding the Medicare/Medicaid benefit is often entertained, there are many insured consumers currently in the healthcare system who still can’t afford their medication and treatments.

The soaring price of prescription drugs was one important area of healthcare ignored by Obamacare. That job, left unfinished, could prove Democrat’s undoing in November…