US EditionBernie Sanders backs effort to cut drug costs, urges stronger action
- Today, President Donald Trump issued a directive instructing the Health and Human Services Department to reduce prices for certain Medicare-covered medications administered in doctor's offices.
- The order mirrors a 2020 directive that was blocked by the courts and seeks to tie Medicare drug reimbursement rates to the prices charged for the same medications in a selection of other economically advanced nations, using a "most favored nation" pricing strategy.
- The plan affects injectable and infusion drugs administered under Medicare Part B, requiring manufacturers to reduce prices within 30 days or face new government payment limits.
- Pharmaceutical industry critics warn this strategy gives foreign governments the 'upper hand' and harms innovation, while Trump stated, 'We’re all going to pay the same' during a news conference.
- If manufacturers do not negotiate lower prices, the health department will impose rules tying U.S. Drug prices to those in other countries, potentially generating substantial government savings.
73 Articles
73 Articles
Will Trump's executive order reduce drug prices?
I’m Isaac Saul, and this is Tangle: an independent, nonpartisan, subscriber-supported politics newsletter that summarizes the best arguments from across the political spectrum on the news of the day — then “my take.”Are you new here? Get free emails to your inbox daily. Would you rather listen? You can find our podcast here.Today's read: 13 minutes.⚕️How will President Trump's executive order affect consumer drug prices? Plus, what happens to al…
Bernie Sanders backs effort to cut drug costs, urges stronger action
(NewsNation) — Sen. Bernie Sanders, I-Vt., has endorsed President Donald Trump's executive order directing drugmakers to lower prescription drug costs in the United States but has called for stronger action. Under the order issued Monday, drugmakers have 30 days to reduce prices or face new restrictions on how much the government will pay for medications. Sanders, a long-time advocate for lower drug prices, welcomed the move but called on Trump …
Trump signs order aiming to lower U.S. drug costs to match prices abroad • Virginia Mercury
A pharmacy manager retrieves a bottle of antibiotics. (Photo by Joe Raedle/Getty Images)WASHINGTON — President Donald Trump signed an executive order Monday aimed at lowering drug prices by pressuring pharmaceutical companies to align their U.S. pricing models with those in similarly wealthy countries. “We’ll slash the cost of prescription drugs and will bring fairness to America,” Trump said at a morning White House event. “We’re all gonna pay …
Todayville
The HeartlanderTrump signs executive order aiming to slash prescription drug costs up to 90%
From The Center Square By Morgan Sweeney “Most powerful executive order on pharmacy pricing and health care ever in the history of our nation.” President Donald Trump hosted a press conference with Secretary of Health and Human Services Robert F. Kennedy, Jr., and other health administration officials Monday morning formally announcing an executive order aiming to drastically reduce what Americans pay for their prescription drugs up to 90%, acco…
Coverage Details
Bias Distribution
- 55% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
