Trump Announces Plan To Slash Prescription Drug Costs With ‘Most Favored Nation’ Policy

President Donald Trump on Sunday announced on Truth Social a significant executive action aimed at dramatically lowering the cost of prescription drugs in the United States, a move he described as one of the most consequential in the nation’s history.

Citing the long-standing disparity between U.S. drug prices and those in other developed nations, often five to ten times higher for the same medication, the President outlined a plan centered on a “most favored nation’s policy.”

The executive order, which President Trump is scheduled to sign tomorrow morning at the White House, is intended to reduce prescription drug and pharmaceutical prices “almost immediately” by what he claimed could be between 30% and 80%. The core of the policy is to tie the prices paid by the United States to the lowest price paid for the same drug anywhere else in the world.  

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