Order instructs health department to work with Congress on changing law that allows Medicare to negotiate drug prices Donald Trump directed his health department on Tuesday to work with Congress on revamping a law that allows Medicare to negotiate prescription drug prices, seeking to introduce a change the pharmaceutical industry has lobbied for. Drugmakers have been pushing to delay the timeline under which medications become eligible for price negotiations by four years for small molecule drugs, which are primarily pills and account for most medicines. Continue reading... from The Guardian https://ift.tt/o4nfK7D via IFTTT
Middle powers such as Australia relied on the rules-based order, but that’s in doubt. Here’s what we must do | John Blaxland
US globalism is in retreat and Australia’s fear of abandonment is more acute than in ages
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The iconoclastic news whirlwind around Donald Trump points to a new US approach on the international stage: globalism and free trade are out. Spheres of influence are back in vogue. It’s not isolationism, it’s transactional mercantilism. But with Australia heavily invested in its US relationship we need to calmly undertake a net assessment: to weigh up what’s at stake while looking to engage with our region more fully.
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