OAN – President Donald Trump officially signed an executive order (EO) on Monday called DELIVERING MOST-FAVORED-NATION PRESCRIPTION DRUG PRICING TO AMERICAN PATIENTS — aimed at dramatically dropping the prices of prescription drugs.
Trump, alongside Health and Human Services Secretary Robert F. Kennedy Jr. (RFK Jr.), criticized the current pharmaceutical pricing system, vowing that the U.S. “will no longer tolerate profiteering and price gouging from Big Pharma.”
“The United States has less than five percent of the world’s population and yet funds around three quarters of global pharmaceutical profits. This egregious imbalance is orchestrated through a purposeful scheme in which drug manufacturers deeply discount their products to access foreign markets, and subsidize that decrease through enormously high prices in the United States,” it begins.
“The principle is simple – whatever the lowest price paid for a drug in other developed countries, that is the price that Americans will pay,” Trump continued. “Some prescription drug and pharmaceutical prices will be reduced almost immediately by 50 to 80 to 90%.”
“Starting today, the United States will no longer subsidize the healthcare of foreign countries, which is what we were doing. We’re subsidizing others’ healthcare, the countries where they paid a small fraction of what for the same drug that what we pay many, many times more for,” he continued.
