Trump to sign executive order slashing prescription drug prices by up to 80 percent
In a bold move aimed at reshaping America’s healthcare costs, President Donald Trump announced he will sign a sweeping executive order designed to dramatically lower prescription drug prices. Calling it “one of the most important and impactful” actions of his presidency, Trump declared that the United States would adopt a “Most Favored Nation” policy for pharmaceuticals, tying American drug prices to the lowest rates found anywhere in the world.
The announcement, made through a series of posts on his Truth Social network on May 11, set the stage for a major policy shift with far-reaching consequences. Trump is set to sign the executive order at 9:00 am on May 12, promising that American patients could see drug prices fall by anywhere between 30 percent to 80 percent almost immediately.
“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,” Trump wrote, emphasizing that this change would bring long-overdue fairness to American consumers.
The United States currently spends approximately $400 billion annually on prescription medications-often paying two to three times more than citizens of other developed nations. According to data from the National Health Expenditure Accounts, Americans pay more for prescription drugs than any other country, a longstanding issue that has sparked widespread political debate across party lines.
Trump argued that this new policy would mark a historic shift not only........
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