President Trump's Executive Order on Prescription Drug Prices
President Trump signs executive order aimed at lowering prescription drug prices by implementing 'most favored nations drug pricing' policy, ensuring Americans pay the lowest price paid in other developed countries. Trump vows to end profiteering and price gouging from Big Pharma.
Key Points
- Americans will pay the lowest price paid for a drug in other developed countries
- Pharmaceutical companies make most of their profits in America
- Executive order aims to reduce prescription drug costs and end anticompetitive practices
Pros
- Lowering prescription drug prices for Americans
- Implementing 'most favored nations drug pricing' policy
- Ending profiteering and price gouging from Big Pharma
Cons
- Opposition from Pharmaceutical Research and Manufacturers of America trade group
- Concerns about cutting billions from Medicare with no guarantee of patient benefit