Trump signs executive order aiming to lower US drug costs

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CNN posted an update

6 hours ago

President Donald Trump signed a sweeping executive order Monday morning that promises to crack down on “unreasonable and discriminatory practices” by foreign countries that result in Americans paying far higher prices for prescription drugs, a White House official said.

The multifaceted directive, which will likely be challenged in court, takes aim at other governments’ negotiations with pharmaceutical companies that greatly reduce the prices of many drugs in their countries. While US presidents and lawmakers have long decried the practice, they have generally shied away from taking broad action in keeping with America’s free market philosophy.

“Starting today, the United States will no longer subsidize the health care of foreign countries, which is what we were doing,” Trump said in a press conference before signing the order. #CNN #News

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