Trump says he is working on plan to bring down drug prices

U.S. President Trump addresses Joint Session of Congress in Washington

WASHINGTON (Reuters) – President Donald Trump said on Tuesday he is developing a plan that will encourage competition in the drug industry and bring down prices for medicines, as the House of Representatives leadership unveiled a new health care plan.

“I am working on a new system where there will be competition in the Drug Industry. Pricing for the American people will come way down!” Trump said in a Twitter post.

(Reporting by Doina Chiacu)