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Trump signs executive order to lower drug prices and reduce Medicare costs

  • President Trump signed an executive order on April 8, 2025, to reduce Medicare expenses and drug costs.
  • The Trump Administration issued this order aiming to lower the costs beneficiaries face under Medicare.
  • The order seeks guidance on Medicare drug pricing and clarity, targeting high-cost medications.
  • Community health centers must offer insulin and epinephrine at or below 340B discounted rates.
  • Federal agencies will examine anti-competitive actions; policy advice is due within six months.
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Firstpost News broke the news in Mumbai, India on Wednesday, April 16, 2025.
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