U.S. President Donald Trump mentioned on Sunday he had signed a brand new government order aimed toward decreasing drug costs within the United States by linking them to these of different nations.
- Last Updated: September 14, 2020, 2:00 AM IST
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WASHINGTON: U.S. President Donald Trump mentioned on Sunday he had signed a brand new government order aimed toward decreasing 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 publish.
The Republican president in July signed an government order that, amongst different issues, would require Medicare to tie the costs it pays for medication to these paid by different nations. Its implementation, nonetheless, 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 government order.
Trump in July signed 4 government orders designed to scale back drug prices for shoppers in a bid to spotlight his dedication to chopping prescription costs earlier than the Nov. three presidential election.
The orders ranged from enjoyable drug importation guidelines to chopping Medicare funds to drugmakers, however consultants mentioned they had been unlikely to take impact within the close to time period. Similar proposals by the Trump administration stalled amid business pushback.
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