Trump teases executive order that will lower drug prices by ‘30% to 80%’ – Washington Examiner
Former President Donald Trump announced plans for a critically important executive order that aims to cut prescription drug prices by 30% to 80%. He teased teh declaration on his social media platform, Truth social, describing it as “one of the most consequential Executive Orders” in U.S. history. Trump stated that he would sign the order at 9:00 A.M.on the following day,proposing a “Most Favored Nation’s Policy” that would enable the U.S. to pay the same prices for drugs as the country with the lowest prices globally. This initiative is part of his broader strategy to lower healthcare costs in the U.S. he expressed confidence that this move would lead to fairer treatment from other countries and unprecedented reductions in healthcare expenses.
Trump teases executive order that will lower drug prices by ‘30% to 80%’
President Donald Trump previewed a new executive order that he claimed will drastically reduce prescription drug prices by as much as 80%.
Trump teased a massive announcement that was to come on Sunday after he said his next Truth Social post would be “one of the most important and impactful” he’s ever posted on the social media platform.
That post came on Sunday night, which briefly outlined “one of the most consequential” executive orders that he will sign on Monday morning to address high drug prices. Trump said the order would reduce prescription drug prices by “30% to 80%.”
“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. Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%,” he said.
Trump also added that he 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.”
He touted that move as one that would lead other countries to treat the United States “fairly” and reduce healthcare costs by “numbers never even thought of before.”
This is a developing story.
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