President Donald Trump signed an executive order on Monday to force “Big Pharma” to reduce the cost of drugs and pharmaceuticals in the United States by using the “most favored nations drug pricing.” “The principle is simple – whatever the lowest price paid for a drug in other developed countries, that is the price that …
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President Donald Trump signed an executive order on Monday to force “Big Pharma” to reduce the cost of drugs and pharmaceuticals in the United States by using the “most favored nations drug pricing.”
“The principle is simple – whatever the lowest price paid for a drug in other developed countries, that is the price that Americans will pay,” Trump announced on Monday. “Some prescription drug and pharmaceutical prices will be reduced almost immediately by 50 to 80 to 90%. Big Pharma will either abide by this principle voluntarily, or we’ll use the power of the federal government to ensure that we are paying the same price as other countries.”
