Trump to use "Most Favored Nation" Policy to make Pharmaceutical Companies match US Drug Prices to the lowest cost sold in any other nation!
Editor Note: This is ONLY & FINALLY Happening Because Trump is Not Owned by the Drug Companies
by Joseph Lord and Lawrence Wilson, The Epoch Times, May 12, 2025
President Donald Trump announced on May 11 that he would sign an executive order that he said would reduce prescription drug prices “almost immediately.”
“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,” Trump said in a post on Truth Social.
“Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%. They will rise throughout the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA!”
President Trump – “For many years the World has wondered why Prescription Drugs and Pharmaceuticals in the United States of America were SO MUCH HIGHER IN PRICE THAN THEY WERE IN ANY OTHER NATION, SOMETIMES BEING FIVE TO TEN TIMES MORE EXPENSIVE THAN THE SAME DRUG, MANUFACTURED IN THE EXACT SAME LABORATORY OR PLANT, BY THE SAME COMPANY??? It was always difficult to explain and very embarrassing because, in fact, there was no correct or rightful answer.
The Pharmaceutical/Drug Companies would say, for years, that it was Research and Development Costs, and that all of these costs were, and would be, for no reason whatsoever, borne by the “suckers” of America, ALONE. Campaign Contributions can do wonders, but not with me, and not with the Republican Party. We are going to do the right thing, something that the Democrats have fought for many years.
Therefore, 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. Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%. They will rise throughout the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA!
I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World. Our Country will finally be treated fairly, and our citizens Healthcare Costs will be reduced by numbers never even thought of before. Additionally, on top of everything else, the United States will save TRILLIONS OF DOLLARS. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!” [source]
He said this would be achieved by instituting a most favored nation’s policy “whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World.”
The benefits of the move will primarily apply to those on Medicare Part B, a federal insurance plan that offers coverage at a monthly premium. The Most Favored Nation Drug Policy requires drugmakers to offer Medicare Part B the lowest price among certain peer nations for a slate of high-cost prescription medications.
Trump was critical of the pharmaceutical industry in the announcement, saying that companies had forced Americans to bear the brunt of research and development costs for years.
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“The Pharmaceutical/Drug Companies would say, for years, that it was Research and Development Costs, and that all of these costs were, and would be, for no reason whatsoever, borne by the ‘suckers’ of America, ALONE,” Trump wrote. “Campaign Contributions can do wonders, but not with me, and not with the Republican Party. We are going to do the right thing, something that the Democrats have fought for many years.”
According to a 2024 report from the Department of Health and Human Services, Americans pay higher prices for prescription drugs than people anywhere else in the world—more than twice as much on average. For the most expensive medications, the disparity is even greater.
The executive order reinstates Trump’s 2020 plan, which had similar parameters and was partway through the rule-making process when he left office.
According to the current plan, Medicare Part B must be offered the lowest price, after adjusting for volume and differences in national gross domestic product, for any of the listed drugs that the manufacturer also sells in certain peer countries.
Trump’s original plan, a seven-year pilot program, would have saved $87.8 billion for the federal government, state governments, and Medicare beneficiaries over the test period, according to the Office of the Actuary within the Centers for Medicare and Medicaid Services.
The plan Trump put forward in 2020 faced four lawsuits and a nationwide preliminary injunction that prevented it from being implemented on schedule.
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