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US President Signs Executive Order to Reduce Prescription Medication Costs

US President Signs Executive Order to Reduce Prescription Medication Costs

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The US President, Donald Trump, has announced plans to sign an executive order on Monday that aims to reduce prescription drug prices. The order will direct the Department of Health and Human Services to tie the prices Medicare pays for medications administered in a doctor's office to the lowest price paid by other countries. This is based on the idea that the US currently pays the highest prices for prescription drugs globally. Trump claims that this move will result in significant reductions in healthcare costs for US citizens, potentially by as much as 80%.

Donald Trump
Republican Party
1. Starting today, the United States will no longer subsidise the healthcare of foreign countries... and we'll no longer tolerate profiteering and price gouging from Big Pharma.
2. DRUG PRICES TO BE CUT BY 59%, PLUS! Gasoline, Energy, Groceries, and all other costs, DOWN. NO INFLATION!!!
3. But let's be clear: the problem is not that the price of prescription drugs is too low in Europe and Canada. The problem is that the extraordinarily greedy pharmaceutical industry made over $100bn in profits last year by ripping off the American people.
4. We are going to do the right thing, something that the Democrats have fought for many years.
5. Pharmaceutical/Drug Companies would say, for years, that it was Research and Development Costs, and that all of these costs were, and would be, for no reason whatsoever, borne by the 'suckers' of America, ALONE.
6. Campaign Contributions can do wonders, but not with me, and not with the Republican Party.
7. Our country will finally be treated fairly, and our citizens' healthcare costs will be reduced by numbers never even thought of before.
8. We're going to equalize. We're all going to pay the same. We're going to pay what Europe pays.
9. It was really the countries that forced Big Pharma to do things that, frankly, I'm not sure they really felt comfortable doing, but they've gotten away with it.
Rachel Sachs
Washington University
1. If they do not lower their prices to the desired point, HHS [the Department of Health and Human Services] shall take other actions with a very long timeline, some of which could potentially, years in the future, lower drug prices.
2. It really does seem the plan is to ask manufacturers to voluntarily lower their prices to some point which is not known.

US President Signs Executive Order to Reduce Prescription Medication Costs

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