Trump to sign executive order to cut prescription drug prices by 30% to 80% — he says to match other countries

Source: New York Post

President Donald Trump said on Sunday he would sign an executive order to cut prescription prices to the level paid by other high-income countries, an amount he put at 30% to 80% less. In a post on Truth Social, Trump said he would sign the executive order on Monday morning to pursue what is known as “most favored nation” pricing or international reference pricing. 3 The drugmakers expect the order to apply to a universe of drugs beyond those currently subject to negotiation under former President Joe Biden’s Inflation Reduction Act.