WASHINGTON, May 18 – President Trump is set to reveal a major expansion of the government’s prescription drug discount platform, TrumpRx.gov, during a Monday announcement, a White House official confirmed.
Bloomberg News reports that the administration plans to incorporate generic medications into the platform, with billionaire Mark Cuban expected to participate in the White House ceremony.
Cuban operates Cost Plus Drugs, an online pharmacy that provides discounted medications directly to customers.
The TrumpRx platform, which debuted in January, represents part of Trump’s most-favored-nation agreements with pharmaceutical companies designed to reduce prescription drug costs to match prices found in other developed countries.
Despite Trump’s promise to deliver prescription drug prices cheaper than anywhere else globally for Americans, a Reuters analysis of publicly available pricing data shows the website’s costs do not undercut those found in the United Kingdom.
