US EditionDonald Trump says he will sign executive order to slash prices of prescription drugs in US
- President Donald Trump announced plans to issue an executive order on Monday aimed at lowering prescription drug costs in the United States.
- The order will instruct federal health officials to link Medicare drug payments to the lowest prices charged by other economically advanced nations, reviving a strategy that was unsuccessful during Trump's initial term.
- The policy, known as the most favored nation approach, targets Medicare Part B drugs administered in doctors' offices, such as cancer infusions and injectables, covering about 70 million older Americans.
- Trump announced that the order aims to drastically lower healthcare expenses, asserting that the United States will receive fairer treatment in drug pricing and suggesting that the resulting savings could amount to trillions of dollars, although this figure may be overstated.
- The proposal will face strong opposition from pharmaceutical companies who argue it will harm innovation and profits, but Trump stated campaign contributions will not influence him and pledged to "do the right thing.
378 Articles
378 Articles
Trump says he will sign executive order on drug price caps
(The Hill) -- President Donald Trump said Sunday he will sign an executive order Monday to cap prescription drug and pharmaceutical prices at the lowest cost offered to any other country. America has notoriously paid more than other developed nations for the same prescription drugs. But under Trump’s “most favored nation” policy, the president hopes to ensure “the United States will pay the same price as the Nation that pays the lowest price any…
Trump Vows To Cut Prescription Drug Prices By Up To 80%
US President Donald Trump is about to use his executive powers to force pharmaceutical companies to drastically reduce the cost of drugs In a social media post on Sunday Trump announced that that he will [...] The post Trump Vows To Cut Prescription Drug Prices By Up To 80% appeared first on The People's Voice.
Trump to sign executive order aimed at slashing drug prices by up to 80%
The executive order will focus on several key reforms, including streamlining the process for states, pharmacies, and wholesalers to import lower-cost medications from countries like Canada. By Jewish Breaking News In a bold new policy move, President Donald J. Trump announced that on Monday, he will be signing an executive order designed to slash prescription drug prices in the United States by as much as 80%. The order is aimed at expanding dr…
The Spectator World
Spectator AustraliaWill Trump’s war on Big Pharma work?
Cynics will scoff at Donald Trump’s latest initiative: issuing an executive order forcing pharmaceutical companies to lower the prices of medical drugs used by US patients by between 30 and 80 percent. The President wants to impose what he calls a “most favored nation” rule, under which drugs companies would be allowed to charge US consumers no more than they charge in the lowest-priced country where they sell their product. That could have seri…
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