President Donald Trump says he will announce a new prescription drug initiative he promises will dramatically—and immediately—reduce the price of pharmaceuticals.
“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 Sunday evening announcement on X. “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!”
The president said he will institute a “most favored nations” policy under which Americans will pay “the same price as the Nation that pays the lowest price anywhere in the World.”
Drugs produced by U.S. pharmaceutical companies are frequently priced…
