September 25, 2020

Trump issues executive order to lower prescription drug prices

President Trump announced on Sunday that he has signed a major executive order that will drop prescription drug prices, a longtime bipartisan goal. 

Trump tweeted on Sunday that he had “just signed a new Executive Order to LOWER DRUG PRICES! My Most Favored Nation order will ensure that our Country gets the same low price Big Pharma gives to other countries,” he added. “The days of global freeriding at America’s expense are over…”

Skyrocketing prescription drug prices have been an object of concern for voters on both sides of the aisle for some time, and President Trump announced in July that he would take definitive action to address the problem.

The Hill reported that Trump’s order directs the secretary of Health and Human Services to “immediately” initiate a test model for Medicare to pay “no more than the most-favored-nation price” for specific medications and prescription products.

According to the Hill:

There are further administrative steps that need to happen before the proposal will take effect and result in lower drug prices. The secretary of Health and Human Services will have to issue the details of the proposal, and there will be an array of questions about how the policy will work in practice.

It is unclear when the move will take effect.

The order will reportedly apply to Medicare Part B and Part D drugs, expanding upon a previous executive order, and will not apply to clients not on Medicare.

Michelle McMurry-Heath, CEO of the Biotechnology Innovation Organization, blasted Trump’s order, calling it “dumbfounding that the Trump administration would move forward with its threat to import foreign price controls and the inevitable delays to innovation that will follow.”

Rep. Lloyd Doggett (D-TX) also groused that Trump’s decision is a pre-election “stunt” initiated because he has failed to “lower any prices during almost four years.” Doggett is one of the most prominent advocates for lowering prescription drug prices.

“Trump aims to make a misleading headline for his failing campaign, not a genuine difference for victims of price gouging,” complained Doggett.

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9 Responses

  1. President Trump does what he says he will do, How can anyone not vote for a man who keeps his promises, This is a true good person

  2. It’s about time perception drug prices will be dropping. We seen to be the only country who pays outrageous prices. Drug prices have skyrocketed for years and no one seems to be doing anything about it. Good for you President Trump!

  3. All you “guys” need to know about Lobbyists & “what” they DO! THE SWAMP is loaded with”THEM”!! The drug companies want a drug “fast forwarded” & “they” make appts. with Reps./ Sens. & WILL give. “them” X-amounts of dollars if they”Put in a good word, or fast track it or NOT! ” ‘ Those “who” Do get $$.Those who don’t get bad press. Drugs is a drop in the bucket! Hubby & I knew a 46 yr. old who WAS a lobbyist in D.C. His “nickname” was “The Toad”. He MADE GREAT $$ BUT unfortunately the booze did him in. WHAT A WASTE OF a LIFE!! All this $$ in Washington , D.C. IS a scandal. Hopefully by THANKSGIVING, we WILL have a Pres. who “understands” ALL of this GRAFT!!! KNOW that it’s NOT just drug pricing.

    1. We already have a president who is wise to all their shenanigans. The libs can’t stand him so they lie, cheat and steal to flood the world with their B**S***. Bottom LIne??? We ALL know what a pack of skunks the libs are ! VOTE !!!!!

      1. TRUMP, TRUMP,TRUMP Choo Choo, I hear the Trump Train coming, All Aboard the Trump Train….
        Keep Donald Trump and his family and Mike Pence and his family in your prayers. Donald Trump has the Presidency because many people prayed in 2016; so keep praying for him while China Joe and Commie Kamala keep telling lies and cheating.

        I saw the video of the Dems dropping off bags of mail supposed to be for Biden. How does that happen? Dropping off larges bags at a post office, but not from a postal truck.
        Speaking about cheating; Yahoo is blocking ALL of my Conservative Emails when I click on to donate money to send the the Republican campaign for 2020. I am being blocked 100% on all conservative emails. If I click on a democratic site to donate; no problem….
        The far leftist Democrats NEVER get caught cheating or prosecuted, AMAZING!

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