US EditionMerkley introducing bill to lower prescription drug costs following Trump order
- President Donald Trump signed an executive order on Monday to lower U.S. Prescription drug prices using a most-favored nation pricing model.
- This order follows a similar 2020 policy attempt that failed due to legal challenges, leaving uncertainty about its implementation.
- The order tasks the Health and Human Services secretary with setting drug price caps within 30 days and may impose rules if companies do not comply.
- Trump claimed prices could drop "almost immediately, by 30% to 80%," though experts and industry groups expect legal hurdles and warn it may reduce drug innovation.
- If enacted, the policy could impact nearly 150 million Medicare and Medicaid recipients but faces significant opposition and uncertain effects on drug costs.
52 Articles
52 Articles
Steve Rattner: Here's why Americans pay more for drug prescriptions
President Trump last weekend declared he would sign “one of the most consequential Executive Orders in our Country’s history,” an order that would reduce prescription drug prices “almost immediately, by 30% to 80%.” Steve Rattner joins Morning Joe to discuss why Trump lacks the authority to change drug prices.
Why we can’t afford to lose the Prescription Drug Affordability Board
"In just one year, the PDAB identified $6 million in potential savings for our state." (Getty Images)When 1 in 4 New Hampshire residents are rationing or skipping their prescription medications due to cost, we need to strengthen our efforts to make life-saving prescriptions more affordable — not weaken them. Yet that’s exactly what some lawmakers are attempting to do by dismantling our strongest defense against skyrocketing prescription prices. …
Merkley introducing bill to lower prescription drug costs following Trump order
PORTLAND, Ore. (KOIN) – Oregon Senator Jeff Merkley is teaming up with three congressional colleagues to introduce a bill aiming to slash prescription drug prices. Merkley is joined by Sen. Peter Welch (D-VT), Sen. Bernie Sanders (I-VT) and Congresswoman Debbie Dingell (D-MI) to introduce the End Price Gouging for Medications Act, the lawmakers announced Wednesday. According to the lawmakers, the bill would lower prescription drug costs for all …
Trump exaggerates speed of prescription drug price cuts exaggerates speed of prescription drug price cuts
President Donald Trump said his May 12 executive order will “almost immediately” bring down prescription drug prices. The speed and certainty of the outcome is exaggerated.
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