The American Way to Lower Drug Prices

The American way to lower drug prices

President Trump is attempting to reshape America’s biotech industry with two primary objectives. He wants more medicines to be made in the United States. And he wants to ensure American patients get the lowest prices in the world.

Uncertain Future for Trump's Most Favored Nation Model to Lower Drug Prices

Since Donald Trump’s executive order in May, which promised to reduce U.S. prescription drug prices by 30% to 80%, the administration has not released any specifics on implementing the “most favored nation” model. This model aims to tie U.S. drug prices to those in comparably wealthy nations, yet pharmaceutical executives have noted a lack of clarity from the administration. The only publicly known detail is that prices would be benchmarked agai…