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Trump Unveils “Great Healthcare Plan” Focused on Drug Prices

President ⁢Donald Trump on thursday, September 26, 2025, announced the outline of ​a healthcare plan intended ​to lower prescription drug ⁢prices and insurance premiums. The announcement followed increasing uncertainty surrounding ⁢a congressional effort to extend Affordable Care Act tax credits, which could lead to premium increases for millions ‌of Americans.

Trump formally introduced the initiative, dubbed ‌”The Great Healthcare Plan,” in a video released Thursday morning. “I’m calling on ⁣Congress ‌to pass this framework into law without delay,” he stated.

The plan centers on​ formalizing recent agreements with pharmaceutical companies to reduce drug‍ costs by aligning U.S. prices with those in other countries, building on Trump’s “most-favored-nation” policy implemented in May 2025.

More than a dozen ‍pharmaceutical companies have agreed ‍to lower‌ prices on specific drugs for medicaid recipients‌ in exchange for a three-year⁤ exemption from tariffs.These companies have also‍ committed to offering discounted medications through Trump’s direct-to-consumer platform, Trump Rx.

According to the White House, the ⁢reduced drug prices will become available on the Trump Rx platform upon its launch.