President Donald Trump announced Sunday that he will sign a sweeping Executive Order aimed at slashing the cost of prescription drugs in the United States, calling it “one of the most consequential” actions ever taken on healthcare pricing.
“For many years, the world has wondered why prescription drugs in the United States are so much higher in price than they are anywhere else,” Trump posted on Truth Social. “Sometimes five to ten times more expensive — made by the same company, in the same plant. It’s outrageous.” (RELATED: Big Pharma Raises Hundreds Of Drug Prices Despite Biden Admin Efforts To Keep Costs Down)
The Executive Order, which Trump is set to sign Monday morning, will implement a “Most Favored Nation” pricing policy. This means the U.S. will no longer pay more than the lowest price paid by any other developed country for the same drugs. Trump said the policy will bring “immediate” price cuts of between 30% and 80%.
“For the first time in decades, America will be treated fairly,” Trump said. “Our citizens’ healthcare costs will be reduced by numbers never even thought of before.”
The Executive Order takes direct aim at Big Pharma, which Trump accused of exploiting Americans while hiding behind the excuse of research and development costs. “Campaign contributions can do wonders — but not with me, and not with the Republican Party,” he said, promising that the days of Americans footing the global bill for drug innovation are over.
Trump also claimed the order will save the U.S. trillions of dollars while forcing international markets to adjust. “Prices will rise around the world in order to equalize,” he said, arguing that global fairness — not just domestic relief — is part of the plan.
This article was originally published at dailycaller.com
