Fact Sheet: President Donald J. Trump Announces Lower Drug Prices for All 50 State Medicaid Programs
Fact sheetPublished 09/18Open the original
Summary
President Trump announces that all 50 state Medicaid programs will get lower drug prices under his most-favored-nation agreements. Under the GENEROUS Medicaid Payment Model, participating manufacturers give rebates on expensive brand-name drugs so Medicaid's final price does not exceed the MFN price.
By industry
- Healthcare & Drug Pricing1 trading day−0.3%p15 stocks5 trading days−0.9%p15 stocks
“participating pharmaceutical manufacturers will provide State Medicaid programs with rebates on expensive brand-name drugs”
Day by day after the announcement
| Day | Healthcare & Drug Pricing stocks | S&P 500 |
|---|---|---|
| 26/09/17 | 0.0% | 0.0% |
| 26/09/18 | −0.2% | +0.1% |
| 26/09/21 | +0.3% | +1.5% |
| 26/09/22 | +0.5% | +1.4% |
| 26/09/23 | −0.4% | +0.8% |
| 26/09/24 | −0.4% | +0.6% |
| 26/09/25 | +0.4% | +1.2% |
| 26/09/28 | +0.4% | +0.4% |
| 26/09/29 | +0.4% | +0.4% |
| 26/09/30 | −0.8% | +0.3% |
| 26/10/01 | −1.2% | +0.2% |
Stocks it names
Korean stocks in these industries
- Samsung Biologics 207940
- Celltrion 068270
- SK Biopharmaceuticals 326030
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Kevin Hern
Full saleUnitedhealth Group
Full saleUnitedhealth Group
UNH
$15K–$50K
Joint
$15K–$50K
Reported 09/25
Traded 09/10
- Pete Sessions
Full saleAbbVie
Full saleAbbVie
ABBV
$15K–$50K
Self
$15K–$50K
Reported 09/18
Traded 09/14
- Thomas H. Kean Jr.
Partial saleJohnson & Johnson
Partial saleJohnson & Johnson
JNJ
$1K–$15K
Self
$1K–$15K
Reported 09/12
Traded 08/27
- John Boozman
Partial saleJohnson & Johnson
Partial saleJohnson & Johnson
JNJ
$1K–$15K
Joint
$1K–$15K
Reported 09/11
Traded 08/20
- David Taylor
Full saleAmgen
Full saleAmgen
AMGN
$1K–$15K
Self
$1K–$15K
Reported 09/05
Traded 08/26
- David Taylor
Full saleAmgen
Full saleAmgen
AMGN
$1K–$15K
Self
$1K–$15K
Reported 09/05
Traded 08/26
- Maria Salazar
BuyMerck
BuyMerck
MRK
$15K–$50K
Self
$15K–$50K
Reported 09/09
Traded 08/19
- Maria Salazar
BuyMerck
BuyMerck
MRK
$15K–$50K
Self
$15K–$50K
Reported 09/09
Traded 08/19