Trump plans record-breaking reduction in prescription drug prices in the US
news.online.ua
Mon, 12 May 2025 10:05:00 +0300
Trump plans to lower drug prices in the USThe US President, in his publication on Truth Social, noted that he plans to sign a corresponding decree on May 12.Trump predicted that pharmaceutical prices in the US could fall by 3080.At the same time, according to him, drug prices are likely to rise around the world to equalize and, for the first time in many years, bring fairness to America.
Trump announced his intention to ensure that the US pays for drugs the same price as the nation that pays the lowest price anywhere in the world.
Our country will finally be treated fairly, and the costs of healthcare for our citizens will be reduced by an amount that was previously unimaginable.
Donald Trump US President Americans pay more for their drugs than any other country in the world, spurring innovation and fueling the growth of the pharmaceutical industry, Bloomberg notes.
Drugmakers have previously said that overhauling the system would cut revenue and choke the development of breakthrough treatments that could extend and improve lives.
During his first term, Trump proposed a pilot program in the US for Medicare drugs that would not compete with lowcost generics dispensed in doctors offices.Trumps plan, which was in place for three years, was intended to ensure that Medicare would pay the lowest price offered to a group of 22 countries.The effort was overturned in US federal court after drug companies challenged it.
They argued that the administration had not properly followed the rulemaking process.
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