President Donald Trump will take action on Medicare if pharmaceutical companies don’t lower prices across markets in response to his Monday executive order to slash prescription drug costs.
Trump signed an executive order Monday morning instituting a “most favored nation” policy under which Americans will pay “the same price as the Nation that pays the lowest price anywhere in the World.”
“DRUG PRICES TO BE CUT BY 59%, PLUS!” Trump wrote on Truth Social Monday morning. “Gasoline, Energy, Groceries, and all other costs, DOWN. NO INFLATION!!! LOVE, DJT.”
Trump signed a similar executive order in 2020 that called for linking drug prices under both Parts B and D to those paid by selected foreign governments.
Medicare Part B covers doctor-administered medications. Medicare Part D covers prescription medicines that senior beneficiaries typically pick…
