President Donald Trump announced on May 11 that he would sign an executive order that he said would reduce prescription drug prices “almost immediately.”
“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,” Trump said in a post on Truth Social.
“Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%. They will rise throughout the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA!”
He said this would be achieved by 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.”...
