Trump Signs New Executive Order On Prescription Drug Prices
- FTT Creations
- Sep 14, 2020
- 1 min read
President Trump signed an executive order Sunday that he says lowers prescription drug prices by putting America first. The move comes nearly two months after the president signed a different executive order with the exact same name, but held it back to see if he could negotiate a better deal with drug companies.
Trump said, If these talks are successful, we may not need to implement the fourth executive order, which is a very tough order for them.
The new executive order repeals the original and expands the drugs covered by Trump's proposed most favored nations pricing scheme to include both Medicare Part B and Medicare Part D. The idea is that Medicare would refuse to pay more for drugs than the lower prices paid by other developed nations.
The executive order declares, It is unacceptable that Americans pay more for the exact same drugs, often made in the exact same places.
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