US EditionFACT FOCUS: Trump blames other countries for high US drug prices. Experts say it’s not their fault
- President Donald Trump signed an executive order on a Monday in 2024 to lower U.S. Prescription drug prices by linking them to lower prices abroad.
- This order responds to concerns that U.S. Drug prices exceed those in other high-income countries due to the fragmented negotiation system within the U.S. Market.
- The RAND report found that in 2022 the U.S. Paid 2.78 times more for drugs than 33 comparable countries, making up 62% of drug sales but only 24% of volume studied.
- Experts including Mariana Socal and Courtney Yarbrough explained that structural differences in negotiation and market power drive higher U.S. Prices, with no party in the industry acting as a saint.
- The order requires drugmakers to lower prices in 30 days or face new federal rules tying U.S. Prices to those abroad, though the impact on privately insured Americans remains unclear.
63 Articles
63 Articles
MedPage Today
Anti-Aging, Acupuncture and Health NewsTrump Blames Other Nations for U.S. Drug Prices. Experts Say It's Not Their Fault.
(MedPage Today) -- President Trump incorrectly placed the blame for high prescription drug prices in the U.S. on foreign nations, making the comments Monday when signing an executive order intended to lower their cost. The order sets a 30-day...
Press-Telegram
FACT FOCUS: Trump blames other countries for high US drug prices. Experts say it’s not their fault
By MELISSA GOLDIN President Donald Trump incorrectly placed the blame for high prescription drug prices in the U.S. on foreign nations, making the comments Monday when signing an executive order intended to lower their cost. Related Articles Americans are divided over DEI programs on college campuses, poll finds Trump’s sanctions on ICC prosecutor have halted tribunal’s work Older people in crossha…
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Time Magazine
DNyuzWill Trump’s Executive Order Lower Prescription Drug Prices?
The cost of prescription drugs in the U.S. has long outpaced that of peer nations, a dynamic driven by a combination of regulatory gaps, market forces, and lobbying pressure. Now, President Donald Trump is once again trying to tackle the issue—this time through an Executive Order that aims to pressure pharmaceutical companies to voluntarily lower their prices. [time-brightcove not-tgx=”true”] On Monday, President Donald Trump signed the Executiv…
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