Trump Says Govt Order Will Slash the Value of Prescription Medicine

President Donald Trump introduced sweeping motion to decrease the price of prescribed drugs within the US.

At a White Home press convention on Monday, he stated an govt order would minimize the price of prescribed drugs by between 59% and 80%, or “even 90%.”

“The US will not tolerate profiteering and value gouging from Huge Pharma,” Trump stated.

The order mandates that drug costs for US shoppers be capped on the lowest value out there in any comparable developed nation, a value mannequin referred to as the “most-favored-nation” rule.

Whereas the White Home didn’t specify which medicines can be topic to the brand new preparations, the order units a 30-day deadline for federal companies to start speaking pricing targets to pharmaceutical firms.

If drugmakers fail to conform, the administration has laid out a sequence of escalating actions, together with regulatory reforms, antitrust enforcement, and even potential revocations of approvals for medicine discovered to be “unsafe, ineffective, or improperly marketed.”

Trump stated People paid 70% extra for prescribed drugs than they did in 2000, and roughly 3 times greater than in another developed international locations.

Greater than a 3rd of US shoppers can not afford high quality medical care, in accordance with a survey performed by Gallup and West Well being and printed in April.

Trump teased the announcement in a Reality Social put up on Sunday evening, referring to it as one of many “most consequential” govt orders in American historical past.

The feedback prompted a flurry of X posts from Mark Cuban. In 2022, he launched Value Plug Medicine, an internet pharmacy that delivers medicine to shoppers at a decrease value than Huge Pharma.

“Gotta be trustworthy. The @realDonaldTrump EO on healthcare and particularly, drug pricing may save lots of of billions,” Cuban wrote.

He outlined six methods the manager order may save shoppers cash, and ended the tweet by writing: “Put me in coach ! I am right here to assist.”

Trump has signed greater than 140 govt orders in his second time period, with 100 coming inside his first 100 days in workplace.