WASHINGTON – The Joint Economic Committee – Minority today released a new report that shows that President Trump’s new prescription drug website, TrumpRx, will lead families to spend thousands more on prescription drugs than necessary. While the website purports to offer families significant cost savings, in reality, many of the brand-name drugs listed on the site have much cheaper generic alternatives that are excluded from the TrumpRx website. This means that TrumpRx steers families to pay more to Big Pharma when they could get the same medication at a much lower price. In the report, the Committee analyzed the price differences of several common drugs listed on both TrumpRx and the prescription drug comparison tool GoodRx and found that an example family could pay nearly $2,500 per year in higher prescription costs if they use TrumpRx. 

“No matter what the President says, the bottom line is that TrumpRx directs families to buy expensive brand name drugs when generic versions are available elsewhere at a fraction of the cost,” said U.S. Senator Maggie Hassan, Ranking Member of the Joint Economic Committee and the Senate Finance Subcommittee on Health Care. “The President should work with Democrats and Republicans to actually lower prescription drug costs for families, rather than helping Big Pharma line its pockets.”

Read the full JEC report showing the cost increases from using TrumpRx to buy several common drugs, or key comparisons below: 

• An adult in Manchester, New Hampshire with depression who pays the TrumpRx price would spend $2,401.20 for a year of Pristiq when they could instead spend only $320.88 for a year of the cheaper generic option – a $2,080.32 cost increase. 
• Similarly, an adult with high cholesterol who shops on TrumpRx would spend $2,771.21 for a year supply of Colestid when they could instead pay $856.70 for a year supply of the cheaper generic – a $1,914.51 cost increase.

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