By Deena Beasley

(Reuters) -President Donald Trump, who has long argued that the U.S. pays more than it should for prescription medicines, on Tuesday said Pfizer had agreed to cut prices for drugs it sells to the Medicaid program for low-income Americans and to ensure the U.S. would not pay more for new medicines than other high-income nations. Trump said he expects other drugmakers to follow suit.

Here are details of the agreement:

THE “TRUMPRX” WEBSITE

Early next year the U.S. government plans to launch a website called TrumpRx that will help consumers search for a drug to see if they can buy it directly from its manufacturer. Nearly all of these existing direct-to-consumer sales platforms require patients to buy their medicines out-of-pocket, usually at a higher cost than they would

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