President Donald Trump Participates in a Healthcare Affordability Event — 5/18/2026

CNBC Television
CNBC TelevisionMay 18, 2026

Why It Matters

If realized, the expanded TrumpRX catalog and transparency tools could materially lower out-of-pocket costs and alter consumer pharmacy behavior, while the administration’s international pricing strategy and private-sector partnerships signal a new model for federal involvement in drug-pricing and distribution. This has potential implications for insurers, pharmacies and drugmakers’ pricing strategies and market access.

Summary

President Donald Trump promoted his administration’s TrumpRX website at a healthcare event, saying the platform has delivered more than $400 million in consumer savings since its February launch and arguing his “most favored nation” drug deals have driven U.S. prescription prices from the highest to the lowest globally. He announced a major expansion adding over 600 generic drugs to the site, new pharmacy-matching tools and home-delivery options, and touted partnerships with industry players including Mark Cuban, Amazon Pharmacy and GoodRx. Trump framed the changes as a historic rollback in drug costs and credited his health team and private-sector designers for modernizing government consumer tools. The Council of Economic Advisors, he said, estimates the policy will save Americans over $500 billion in the next decade.

Original Description

President Donald Trump participates in a healthcare affordability event at the White House on Monday.
For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#CNBC
#cnbctv
LIVE: President Donald Trump participates in a healthcare affordability event — 5/18/2026

Comments

Want to join the conversation?

Loading comments...