The holes in Trump's drug pricing plan

Azar stands behind a microphone while Trump stands behind him
HHS Secretary Alex Azar at the podium. Photo: Chip Somodevilla/Getty Images

Pharmaceutical companies' stocks soared Friday when President Trump released his plan to curb prescription drug costs — and that's a pretty accurate assessment of how big a threat this proposal is.

The bottom line: It would mostly move costs around. There are few new steps in here to try to lower the sticker price of prescription drugs. It does call for increased competition from generics — a push that's already well underway at the Food and Drug Administration — but focuses most of its attention on middlemen.