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Trump: Other countries "freeloading" on drug prices

President Donald Trump on stage during a speech at the Department of Health and Human Services
President Trump announces a plan to overhaul how Medicare pays for certain drugs. Photo: Chip Somodevilla/Getty Images

President Trump took aim at what he called "global freeloading" today as his administration began to roll out a plan that would change the way Medicare pays for certain drugs.

How it works: Other industrialized countries pay much less for many prescription drugs than the U.S. does. Under the administration's proposal, Medicare's payment rates would be based on those international prices.