This week, Merck’s CEO, Kenneth Frazier, resigned from President Donald Trump’s American Manufacturing Council in protest over the president’s initial response to the violence in Charlottesville, VA. White supremacist groups came together to protest the removal of a statue of Robert E. Lee, who headed the Confederate Army, and counter-protesters clashed this past Saturday. During the events, a self-affiliating white supremacist drove a car into a crowd of counter-protesters, killing one person and injuring 19. The president condemned the violence but made it seem as if both sides, white supremacists and counter-protesters, were equally to blame, which is wrong. Mr. Frazier believed that President Trump should have forcefully and clearly criticized white supremacists.
I strongly agree with and applaud Mr. Frazier’s action. However, I felt compelled to write about this issue because President Trump mocked Mr. Frazier on Twitter about high drug prices. He wrote: “Now that Ken Frazier of Merck Pharma has resigned from President’s Manufacturing Council, he will have more time to LOWER RIPOFF DRUG PRICES!”
Mr. Frazier, the son of a hardworking janitor, worked his way up to his current position. He is also African American. For obvious and good reasons, he took a stand. But Mr. Frazier is also CEO of a Big Pharma company and not interested in lower drug prices.
President Trump is the one who needs to act, and President Trump is the one who can lower drug prices.
Trump supported legalizing importation of lower cost medications during his presidential campaign. It was one of his few positions that has wide, bi-partisan public support. He has the executive authority, via the Secretary of Health and Human Services, to expressly permit personal drug importation now.
Now is the time to use that authority.Tagged with: Big Pharma, Drug Prices, Kenneth Frazier, Merck, President Trump, Robert E. Lee