
Trump Announces Plan to Sign Executive Order to Lower Drug Prices
Category: General,
2025-05-11 23:18
President Donald Trump has stated he will revive a previous policy to lower drug prices by tying payments for certain medicines to the prices paid in other countries. The move, which was controversial during his first term, is intended to reduce prescription drug costs in the United States.
On Sunday, President Donald Trump announced his intention to sign an executive order aimed at reducing prescription drug prices in the United States. The policy, which he previously attempted to implement during his first term, seeks to base the payments for certain medicines on the prices paid for those drugs in other developed countries. This approach, sometimes referred to as the 'most favored nation' pricing model, would mean that the U.S. government would not pay more for specific medications than the lowest price paid by other comparable countries. The original version of this policy faced significant opposition from the pharmaceutical industry and was subject to legal challenges, with critics arguing it could limit access to some drugs or stifle innovation. Supporters, however, argue that Americans pay some of the highest drug prices in the world and that aligning U.S. prices with those abroad could provide significant savings for patients and the government. The announcement comes as drug pricing remains a major issue for American voters and policymakers, with ongoing debates about how to make medications more affordable while ensuring continued investment in pharmaceutical research and development. Details about the timing and scope of the new executive order have not yet been released.
Source: CNN
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