By Katie Pavlich
During a meeting with pharmaceutical industry executives
and experts Tuesday morning at the White House, President Donald Trump vowed to
cut a number of burdensome regulations on the industry in an effort to bring
production of medical drugs back to the United States.
“I'll oppose anything that makes it harder for smaller,
younger companies to take the risk of bringing their product to a vibrantly
competitive market. that includes price-fixing by the biggest dog in the
market, Medicare, which is what's happening. But we can increase competition
and bidding wars, big time,” Trump said according to the White House pool
report.
“So what I want, we have to get lower prices, we have to get even
better innovation and I want you to move your companies back into the United
States. And I want you to manufacture in the United States. We're going to be
lowering taxes, we're going to be getting rid of regulations that are
unnecessary.”
President Trump has called for a comprehensive tax reform
plan to be passed by Congress this year in order to benefit all American
industries and businesses.
