A pharmacy manager fetches a bottle of antibiotics. (Photo by Joe Raedle/Getty Images)
Washington – President Donald Trump signed an executive order on Monday that aimed to reduce pharmaceutical prices by putting pharmaceutical companies under pressure to align their US price models in similarly wealthy countries.
“We will reduce the costs for prescription medication and bring fairness in America,” said Trump at a white house in the morning. “We will all pay the same.”
The Executive orderWhat the white house named Pharmaceutical companies offer the politics of the “most told nation” 30 days to negotiate lower drug prices with the government.
If no deal is achieved during this time, Trump said that a modern rule will be determined so that the United States have a price model that is similar to the lower interest rates abroad. According to the executive order, the secretary for health and human services, Robert F. Kennedy Jr.
“We will pay the lowest price in the world,” said Trump.
The prescription pricing for brand medication in the USA is more than four times higher than in similar countries. According to a study of 2024 of the non -participating research results, the non -profit organization Rand.
Clear price goals
In an official official of the White House, who is to advance the guideline in the background with reporters on Monday in the regulations in the directive, the President will instruct the Ministry of Commerce to “take all appropriate measures to countries that” suppress drug prices abroad “.
The Food and Drug Administration will also consider expanding the imports of medicinal products from nations outside of Canada, said the White House official.
Former President Joe Biden gave an executive regulation To steer the FDA with states to import prescription drugs from Canada.
The White House officer said Kennedy “will set clear goals for price reductions in all markets in the USA”.
Kennedy appeared on Monday morning next to the president in the White House.
“The United States will no longer subsidize health care abroad,” said Kennedy. “If Europeans increase their drug price by only 20%, it is ten trillions that can be spent on innovation and health of all people around the world.”
Trump said on Monday that drug price policy was included in the “one, large, beautiful” reconciliation law, which is the top priority of the republicans of the congress. It is also expected that the measure will provide tax cuts and a significant augment in financing for border security.
The employees of the House Energy and Commerce Committee shared reporters during a background information at about the same time when most prescription prices for prescription drugs would not be in this reconciliation package.
First term
The command is similar to the efforts that the President made during his first term in office that was reflected before a federal court.
The White House official said that the order on Monday was an expansion of these first efforts, which tried to add the price model for those with Medicare to apply the health insurance program for those who are 65 years venerable, and certain people under the age of 65 with disabilities for 50 medicines.
“The expectation should not be that we will only pursue the same controller,” said an official from the White House. “We moved on from the wider measures.”
The pharmaceutical industry has long spoke out against such a step and has already been rejected on prescription drugs on the planned tariffs of the president.
Further details on specific measures in Medicare will be announced later, according to an official from the White House.
“We will take measures in the Medicare program if the pharmaceutical companies do not get to the table and reduce their prizes across the markets,” said the White House official.
The leading Democrat says that effort is unset
The US Senate’s US Finance Committee, the member Ron Wyden, the Democrat of Oregon, beats up the Executive Ordinance on Monday on Monday.
“If Trump was serious about reducing pharmaceutical prices, he would work with the congress to strengthen the negotiations of the Medicare drug prices and not just sign a piece of paper,” said Wyden.
The law on the reduction of inflation, which Democrats passed in the party border in 2022, when they held uniform control over Washington, enabled the negotiation of prices for drugs to target the drug costs for people with medicare.
“The Democrats took over Big Pharma and won by finally giving Medicare the authority to negotiate lower pharmaceutical prices on behalf of seniors and to limit their costs for expensive recipes,” said Wyden and referred to the law.
Jennifer Shutt contributed to this report.
