Trump to Announce Medicaid Drug Pricing Plan

Most favored nation pricing is a model that ensures Medicaid programs pay the lowest available price for certain drugs. This means that if another country or entity is paying a lower price for the same drug, Medicaid programs will also be able to access that lower price.

The plan is expected to provide significant cost savings for state Medicaid programs and the federal government. By accessing the lowest available price for certain drugs, Medicaid programs will be able to reduce their spending on prescription drugs.

The details of which drugs will be included in the plan will be revealed during Trump's remarks on Friday. It is expected that the plan will cover a range of prescription drugs, but the specific drugs included have not been announced yet.

The plan is part of the Trump administration's ongoing efforts to reduce prescription drug costs. Trump has made lowering drug prices a key priority of his presidency, and his administration has taken several steps to address the issue, including proposing new regulations and working with Congress to pass legislation.

Trump will be joined by several governors in the Oval Office for the announcement. The governors will likely be from states that have been actively working to reduce prescription drug costs and will be able to provide insight into how the plan will work in practice.