US EditionTrump signs executive order slashing prescription drug costs by up to 80%
- President Donald Trump signed an executive order on May 12, 2025, at the White House to reduce U.S. Prescription drug costs by up to 80%.
- The order revives Trump's previous 'most favored nation' policy, aiming to tie Medicare drug prices to the lowest prices paid by economically advanced countries.
- The policy focuses on drugs covered under Medicare Part B, primarily infusions and injectables given in physician offices, and requires drug manufacturers to negotiate price reductions within 30 days.
- Trump claimed the policy will save taxpayers trillions and reduce costs, while pharmaceutical lobbyists warned it risks innovation and investment, calling it a "bad deal" for Americans.
- The order could lower government spending on medications for nearly 70 million Medicare beneficiaries but may have unclear impacts on privately insured patients and faces strong industry opposition.
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509 Articles
'All hat and no cattle': Democrats call Trump's bluff on drug price Executive Order
If U.S. President Donald Trump actually wants to curb out-of-control prescription drug prices, he'll throw his support behind legislative efforts instead of trying to do so unilaterally—an approach that's unlikely to survive legal challenges. That was the message that Sen. Bernie Sanders (I-Vt.) and congressional Democrats sent to the White House after Trump signed an executive order Monday aimed at pushing "pharmaceutical manufacturers to bring…
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Trump signs order aiming to lower U.S. drug costs to match prices abroad
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 …
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