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  Trump summons advisers to White House over drug price hikes
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Last EditedRP  Jan 08, 2019 12:02pm
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AuthorDAN DIAMOND, ADAM CANCRYN and SARAH OWERMOHLE
News DateTuesday, January 8, 2019 05:40:00 PM UTC0:0
DescriptionPresident Donald Trump has summoned top officials for a White House meeting on drug prices today, frustrated over a new round of price hikes after Trump promised to lower pharmaceutical costs, two individuals with knowledge told POLITICO.

Drugmakers raised prices on more than 250 medicines by an average of 6.3 percent on Jan. 1, according to the health software company Rx Savings Solutions. Several more companies quietly announced their own increases in the following days — including Purdue Pharma, which raised prices for painkiller Oxycontin and addiction treatment Butrans by 9.5 percent on Jan. 2. Price increases, in general, have been more modest than in past years.

Drug companies have responded with largely symbolic pledges that gave Trump the headlines he wanted without making substantive changes in how they do business or making a lasting impact.
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