HHS Demands Drugmakers’ US Prices Match What Similar Nations Pay

The US Department of Health and Human Services is demanding that pharmaceutical companies cut drug prices to the lowest price offered to nations with economies that are similar to the US’s, the agency announced Tuesday.

Earlier this month, President Donald Trumpthreatened drugmakers with regulatory action if they do not lower their prices to be more in line with what other developed countries pay. As part of that announcement, the White House directed HHS to release details on what prices the administration is hoping to achieve.

HHS said it is asking drugmakers to price drugs that don’t already have generic ...