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For years, Americans have struggled to pay premium prices for lifesaving medications, all while other nations received the same drugs for lower prices. With President Trump’s newest executive order, however, that will soon change.
From The Daily Wire. President Donald Trump on Monday morning signed an executive order to significantly reduce pharmaceutical drug prices for Americans.
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The directive, Trump stressed, will bring fairness to Americans and cut out “the middlemen” to bring prices down so citizens will start to pay prices comparable to other developed nations. …
By implementing a policy called “Most Favored Nation,” Trump said the U.S. is “gonna pay the lowest price there is in the world. We’re no longer paying ten times more than another country.”
Health and Human Services (HHS) Secretary Robert F. Kennedy Jr., who was with Trump at a press conference on Monday morning, said that other nations, particularly those in the European Union, must chip in for research and development. Kennedy said raising their prices by just 20% would dramatically reduce costs in the United States.
Trump teased the executive order Sunday night on Truth Social, saying it would reduce prices by up to 80%.
JUST IN: PRESIDENT TRUMP’S “MOST IMPORTANT AND IMPACTFUL” TRUTH EVER ISSUED ⬇️
“I am pleased to announce that Tomorrow morning, in the White House, at 9:00 A.M., I will be signing one of the most consequential Executive Orders in our Country’s history….” pic.twitter.com/YfyKzked0S
— The White House (@WhiteHouse) May 11, 2025
During Trump’s first term, he introduced a regulation for certain cancer drugs and others to be the same price as they were abroad. The Biden administration, however, abandoned the regulation after a court struck it down on procedural grounds. …
The order follows another directive signed by Trump on May 5, which seeks to reduce the regulatory burden on the domestic production of critical medicines. …
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(Excerpt from The Daily Wire. Photo Credit: Andrew Harnik/Getty Images)