Trump, Drug and Executive Order
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The order Trump is promising will direct the Department of Health and Human Services to tie what Medicare pays for medications administrated in a doctor’s office to the lowest price paid by other countries.
The new pricing policy seeks to reduce the cost the government pays for medications to those comparable to what other countries pay.
As in negotiations with foreign nations, minor concessions by drug companies are more likely than a true overhaul.
Full Video/Highlights: Trump Announces Prescription Drug Price Caps, Press Conference On Many Topics
President Trump will hold a press conference Monday morning with Health and Human Services Secretary Robert F. Kennedy Jr. to announce an executive order to cap prescription drug and pharmaceutical prices at the lowest cost offered in any other country.
The order is based on a "most favored nation" pricing model, which is similar to a policy Trump pushed in his first administration.
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