President Donald Trump announces a bold plan to drastically reduce prescription drug prices, claiming reductions of 400–600% through negotiations with drug companies and foreign countries. In a prime-time address, Trump criticized health insurance companies for profiting off Americans and introduced the upcoming TrumpRX.gov website, set to launch in January 2026, where the first wave of reductions will be available. His remarks come amid rising insurance premiums under the Affordable Care Act.

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