Trump signs executive order to lower drug prices in battle against Big Pharma

President Trump on Sunday signed an executive order to lower the price of prescription drugs, he revealed on Twitter.

Trump announced that the purpose of the order is to lower prices to give the US “the same low price Big Pharma gives to other countries”.

“Just signed a new executive order for lower drug prices! The President tweeted, My favorite nation order will ensure that our country gets the same low price that Big Pharma gives to other countries. “The days of global freedom at the expense of America are over …”

“… And prices are coming down fast! In addition, eliminating all discounts to middlemen, further reducing prices, ”he added in a follow-up tweet.

The Trump administration has routinely placed drug costs at the center of its health policy, with the president already signing a series of four orders in July, lowering prices.

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The orders covered a range of measures, such as directing the Department of Health and Human Services to lower costs of certain drugs, including insulin and epinephrine. The earlier order was also to end the “Comeback System of Kickbacks” by middlemen.

The July orders focused on reducing costs for elderly patients and people on Medicare, for which they do not have to pay more than any “financially comparable OECD country” is a measure that other residents Extends for. The OECD, or Organization for Economic Cooperation and Development, is an inter-governmental economic grouping focused on world trade.

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The exact measures of the new order are not clear, but will be fully outlined in the next few days.

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