Trump vows to sign most consequential executive | Political News
US President Donald Trump has introduced he’ll sign “one of the most consquential” executive orders on Monday which is able to intention to decrease the price of drug costs.
In a Truth Social post on Sunday, Trump mentioned the order would slash prescription costs to the extent paid by different high-income nations.
“I am pleased to announce that Tomorrow morning, in the White House, at 9:00 A.M., I will be signing one of the most consequential Executive Orders in our Country’s history,” Trump wrote.
“Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%. They will rise throughout the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA! I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World.”
The president added that the US would “finally be treated fairly” and claimed the order would save America “trillions of dollars.”
“Campaign Contributions can do wonders, but not with me, and not with the Republican Party,” Trump wrote. “We are going to do the right thing, something that the Democrats have fought for many years.”
Trump vowed for years to decrease the price of prescribed drugs, but did not sign an executive order to do so until the very finish of his first time period in workplace.
His first executive order trying to cut back drug costs was stopped by a federal decide after drug corporations filed a lawsuit against it.
The plan would have linked the costs of Medicare Part B medication, most of that are medicines administered in healthcare services like chemotherapy medication, to the identical price as nations like Canada, Germany and the U.Okay. pay for them.
The Trump administration mentioned at the time that it might save U.S. taxpayers over $85 billion over seven years, but it isn’t clear if Trump’s new plan will once again only goal Medicare Part B medication or embrace different medicines coated by this system.
Prescription drug costs in the US are up to ten occasions more than in different nations of comparable measurement and wealth, according to assume tank the Rand Corporation.
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