US EditionTrump executive order backs change to Medicare negotiation pushed by drug industry
- President Donald Trump signed an executive order aimed at reducing healthcare costs by enhancing the Medicare negotiating system and lowering drug prices, including insulin for low-income individuals.
- The executive order seeks to match Medicare payments to the prices hospitals pay for prescription drugs, potentially reducing prices by as much as 60%.
- One provision revives a program to provide insulin for low-income patients at very low costs, previously ended by the Biden administration.
- The administration's goal is 22% savings in the Medicare program's first year, responding to rising prescription drug prices that increased over 15% between January 2022 and January 2023.
63 Articles
63 Articles
Trump Signs Order to Help States Import Low-Cost Medications
President Donald Trump signed an executive order on April 15 that directs a wide range of actions to lower the cost of prescription medications, including the importation of prescription drugs from Canada by the states. States have been authorized since 2020 to import certain drugs from Canada—where they are often available at a lower price—under section 804 of the Food, Drug and Cosmetics Act. However, approval from the Food and Drug Administr…
Trump signs directive on lowering drug prices even as he seeks tariffs on pharmaceuticals
By Tami Luhby and Sarah Owermohle, CNN (CNN) — In his first major action on health care costs this term, President Donald Trump issued a multi-part executive order on Tuesday aimed at lowering drug prices and reducing costs for Medicare. The move comes as his administration seeks to impose tariffs on pharmaceutical imports that many experts have said could lead to drug shortages and price hikes. The wide-ranging mandate is unlikely to have an im…
Trump signs executive order to lower drug prices
President Donald Trump signed an executive order on Tuesday that lowers drug prices through the Medicare drug price negotiation program and brings relief to the nearly 69 million people, particularly senior citizens, who rely on the federal program. Trump’s actions…
Daily Journal
Trump signs order aimed at lowering drug prices
US President Donald Trump signed an executive order Tuesday aiming to lower crippling drug prices by giving states more leeway to bargain-hunt abroad and improving the process for price negotiations.
Coverage Details
Bias Distribution
- 61% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
