The Republican president in July signed an govt order that, amongst different issues, would require Medicare to tie the costs it pays for medicine to these paid by different international locations.
- Last Updated: September 14, 2020, 7:25 AM IST
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US President Donald Trump mentioned on Sunday he had signed a brand new govt order geared toward reducing drug costs within the United States by linking them to these of different nations.
“My Most Favored Nation order will ensure that our Country gets the same low price Big Pharma gives to other countries. The days of global freeriding at America’s expense are over,” Trump mentioned in a Twitter submit.
The Republican president in July signed an govt order that, amongst different issues, would require Medicare to tie the costs it pays for medicine to these paid by different international locations. Its implementation, nevertheless, was delayed because the administration sought to work out an answer with the business.
It was not clear if Trump signed a brand new order or was referring to that doc, which was additionally known as a most-favored-nation govt order.
Trump in July signed 4 govt orders designed to cut back drug prices for shoppers in a bid to focus on his dedication to reducing prescription costs earlier than the Nov. three presidential election.
The orders ranged from enjoyable drug importation guidelines to reducing Medicare funds to drugmakers, however specialists mentioned they had been unlikely to take impact within the close to time period. Similar proposals by the Trump administration stalled amid business pushback.