1 day Ago By Jeremiah Hassel
US President Donald Trump has announced he will sign "one of the most consquential" executive orders on Monday which will aim to lower the cost of drug prices. In a Truth Social post on Sunday, Trump said the order would slash prescription prices to the level paid by other high-income countries. Article continues below ADVERTISEMENT "I am pleased to announce that Tomorrow morning, in the White House, at 9:00 A.
M., I will be signing one of the most consequential Executive Orders in our Country’s history," Trump wrote. New pope predicts the biggest threat facing humanity How a dad made a friend dig his own grave and kill himself after raping daughter, 6 "Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%.
They will rise throughout the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA! I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World." The president added that the US would "finally be treated fairly" and claimed the order would save America "trillions of dollars." "Campaign Contributions can do wonders, but not with me, and not with the Republican Party," Trump wrote.
"We are going to do the right thing, something that the Democrats have fought for many years." Trump vowed for years to lower the cost of prescription drugs, but didn't sign an executive order to do so until the very end of his first term in office. His first executive order attempting to reduce drug prices was stopped by a federal judge after drug companies filed a lawsuit against it.
The plan would have linked the prices of Medicare Part B drugs, most of which are medications administered in healthcare facilities like chemotherapy drugs, to the same price as countries like Canada, Germany and the U.K. pay for them.
The Trump administration said at the time that it could save U.S. taxpayers over $85 billion over seven years, but it's not clear if Trump's new plan will once again only target Medicare Part B drugs or include other medications covered by the program.
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Zelensky's brave 4-word message to Putin as pair to meet for first time in years Lara Trump unleashes fiery rant as she urges people to back president Prescription drug prices in the US are up to ten times more than in other countries of similar size and wealth, according to think tank the Rand Corporation..
