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President Donald Trump unveiled plans Sunday for a brand new coverage on prescribed drugs he claimed would cut back US prescription drug costs by between 30% and 80%.
“They will rise throughout the world in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA!” Trump wrote in a social media put up, including he deliberate to signal an government order bringing the brand new coverage into impact at 9:00 am (1300 GMT) on Monday.
Trump mentioned he deliberate to institute a “MOST FAVORED NATION’S” coverage that pinned the price of medication offered in the USA to the bottom worth paid by different international locations for a similar drug.
The discount in prescription drug prices in the USA would, he added, be counterbalanced by larger prices in different international locations.
“Most favored nation” standing is a World Commerce Group rule that goals to stop discrimination between a rustic and its buying and selling companions, leveling the enjoying area for worldwide commerce.
The White Home didn’t instantly reply to an AFP request for particulars of the plan.
This isn’t the primary time that Trump has tried to decrease US drug costs.
Throughout his first 2017-2021 time period in workplace, he introduced an identical proposal to chop US drug costs however his plans failed within the face of robust opposition from the pharmaceutical trade.
Final month, the US president signed an government order aiming to decrease crippling drug costs by giving states extra leeway to bargain-hunt overseas and bettering the method for worth negotiations.
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Trump says will signal order geared toward slicing US drug costs (2025, Could 12)
retrieved 12 Could 2025
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