Trump Signs New Executive Order On Prescription Drug Prices
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President Trump signed an executive order Sunday that he says lowers prescription drug prices “by putting America first,” but experts said the move is unlikely to have any immediate impact.
The action comes nearly two months after the president signed a different executive order with the exact same name but held it back to see if he could negotiate a better deal with drug companies.
The new executive order repeals the original and expands the drugs covered by Trump’s proposed “most favored nations” pricing scheme to include both Medicare parts B and D. The idea is that Medicare would refuse to pay more for drugs than the lower prices paid by other developed nations.
“It is unacceptable that Americans pay more for the exact same drugs, often made in the exact same places,” the executive order declares.
The new order, like the earlier one, which was signed July 24 but not released, prompted quick condemnation from the drug industry.
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