US EditionBernie Sanders backs effort to cut drug costs, urges stronger action
- On Monday, an executive order was issued directing efforts to reduce the price of certain medications by adjusting Medicare drug costs to match the lower prices paid in other countries.
- The order instructs the federal health agency to implement a "most favored nation" strategy within 30 days, aligning U.S. Drug prices with the lower costs paid by certain other developed countries.
- The policy targets drugs administered in health care settings under Medicare Part B, such as cancer infusions and injectable medications.
- Pharmaceutical industry representatives oppose the order, calling it a "bad deal" that risks innovation and gives foreign governments undue influence over U.S. Drug prices.
- If manufacturers do not reduce prices, the government may impose new payment limits, potentially generating significant savings though impacts on private insurance remain unclear.
72 Articles
72 Articles
Bernie Sanders backs effort to cut drug costs, urges stronger action
(NewsNation) — Sen. Bernie Sanders, I-Vt., has endorsed President Donald Trump's executive order directing drugmakers to lower prescription drug costs in the United States but has called for stronger action. Under the order issued Monday, drugmakers have 30 days to reduce prices or face new restrictions on how much the government will pay for medications. Sanders, a long-time advocate for lower drug prices, welcomed the move but called on Trump …
Trump signs order aiming to lower U.S. drug costs to match prices abroad • Virginia Mercury
A pharmacy manager retrieves a bottle of antibiotics. (Photo by Joe Raedle/Getty Images)WASHINGTON — President Donald Trump signed an executive order Monday aimed at lowering drug prices by pressuring pharmaceutical companies to align their U.S. pricing models with those in similarly wealthy countries. “We’ll slash the cost of prescription drugs and will bring fairness to America,” Trump said at a morning White House event. “We’re all gonna pay …
Todayville
The HeartlanderTrump signs executive order aiming to slash prescription drug costs up to 90%
From The Center Square By Morgan Sweeney “Most powerful executive order on pharmacy pricing and health care ever in the history of our nation.” President Donald Trump hosted a press conference with Secretary of Health and Human Services Robert F. Kennedy, Jr., and other health administration officials Monday morning formally announcing an executive order aiming to drastically reduce what Americans pay for their prescription drugs up to 90%, acco…
Beatrice Daily Sun
US drugmakers given 30 days to lower prices
WASHINGTON — President Donald Trump signed an executive order Monday setting a 30-day deadline for drugmakers to electively lower the cost of prescription drugs in the U.S. or face new limits down the road over what the government will pay.
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