Trump signs executive order slashing prescription drug costs by up to 80%

Trump signs an order to reduce drug prices, but it's unclear how it would work

President Trump wants to lower drug prices in the U.S. by tying them to the prices paid in other developed countries. The pharmaceutical industry has long opposed the approach.

Drug Price Executive Order Unleashes Unlikely Critics - Liberty Nation News

By John Klar President Donald Trump issued an executive order (EO) yesterday, May 12, designed to reduce drug prices for American patients and taxpayers alike. The move is a moderate effort to work amicably with pharmaceutical companies to cut taxpayer costs for Medicare and Medicaid, shave price gouging by middlemen, and usher in bipartisan “equity” for American consumers. […]

Trump says new order will lower U.S. drug prices and increase them everywhere else

The U.S. is unusual among developed countries in not having some form of price controls on pharmaceuticals

The Americans would be excluded by the pharmaceutical companies because Europeans are capping drug prices, according to the US President. A decree is now to change this. At the same time, he wants to make drastic savings in health insurance for poorer citizens.

Trump signs executive order demanding drug manufacturers lower US prices

WASHINGTON (OSV News) — President Donald Trump signed an executive order May 12 that he said would lower prescription drug costs — an issue the U.S. bishops have flagged in recent years — but the exact potential impact of the order was the subject of debate. Trump signed an executive order to implement what is known as the “most favored nation” policy, which he said would tie the prices of some drugs in the U.S. to lower prices abroad, such as i…

Trump announces drug price cut with swipe at Europe

US President Donald Trump said Monday he would slash drug prices so they match those abroad, accusing Europe in particular of practices that force up prices for Americans.