Trump to sign executive order to lower drug prices

white house christian news

(Worthy News) - The White House is writing an executive order that would reduce what the U.S. pays for drugs so that it's more in line with the lowest price paid elsewhere in the world, Trump told reporters Friday.

"As you know, for years and years other nations paid less for drugs than we do," Trump said Friday at the White House. "Sometimes by 60-70%. We’re working on it right now, we’re working on a favored nations clause, where we pay whatever the lowest nation’s price is. Why should other nations — like Canada — but why should other nations pay much less than us? They’ve taken advantage of the system for a long time, Pharma."

Trump said the announcement was coming "very shortly" but did not provide other details about how the plan would work. A "favored nations clause" refers to a contract in which a seller gives buyers the same best terms that it offers to other buyers. [ Source: Washington Examiner (Read More...) ]

Copyright 1999-2019 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

3 thoughts on “Trump to sign executive order to lower drug prices”

  1. What mystifies me is how much OTC's cost around in the USA. And our state government, via it's subsidized health ins company (ObamaCare), pays 4 times for Pepto Bismal, and Naproxen, and Zyrtec, than we paid out of our own pockets, in stores in Alaska, where everyone believes it's costs twice what people pay Outside of Alaska.

    Why in the world, is WA State paying through it's Medicaid/Medicare Part D plans, four times the going rate for OTC's at (only) Walgreen's? Out of AK, MD, VA, and OR, Washington State pays well over 3 times the going rates for OTC's covered via at least one of it's insurers.

    Is Walgreen's giving UHC kickbacks?

Leave a Comment