President Trump's Executive Order on Drug Prices

SOURCE www.foxnews.com
President Trump's executive order aims to cut drug prices in the U.S. by adopting 'most favored nations drug pricing.' The order could reduce some prescription drug prices by 50-90%, impacting expensive medications for rare diseases and conditions.

Key Points

  • Executive order aims to adopt 'most favored nations drug pricing'
  • Expensive medications for rare diseases like MLD, hemophilia, and DMD are highlighted
  • Focus on high-volume revenue drugs like Keytruda and Eliquis
  • Potential impact on newer brand-name drugs, antibody therapies, and gene therapies

Pros

  • Potential reduction of prescription drug prices by 50-90%
  • Focus on expensive medications for rare diseases and conditions
  • Effort to make healthcare more affordable for Americans

Cons

  • Complexity in implementation and timeline for cost reduction
  • Potential impact on pharmaceutical industry's investment in breakthrough treatments