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US President Donald Trump informed main pharmaceutical corporations Thursday to decrease costs or face punishment, as he moved to provide Individuals aid from medication prices a lot larger than elsewhere on the planet.
In letters to 17 drug corporations revealed on his Platform Reality Social, Trump stated he desires the corporations to work along with his administration to institute a sequence of modifications inside 60 days.
“If you refuse to step up we will deploy every tool in our arsenal to protect American families from continued abusive drug pricing practices,” Trump wrote with out specifying what the results would entail.
Trump is following up on an government order he signed in Might to deal with US drug costs which might be among the many highest on the planet—greater than thrice what individuals in equally developed nations pay, the White Home stated Thursday.
Within the letters Trump stated the response he has acquired up to now to his order from corporations have been “more of the same: shifting blame” and coverage modifications that may in actual fact profit the business, not shoppers.
Key to the Trump plan is a “Most Favored Nation” coverage that pins the price of medicine offered in the US to the bottom worth paid by different nations for a similar drug.
Trump stated Thursday he desires the businesses to increase this pricing coverage to drugs utilized by older individuals beneath the government-backed well being program Medicaid.
He additionally desires this standing to use to new medicine, Trump stated within the letters.
“Americans are demanding lower drug prices and they need them today,” Trump wrote.
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Trump warns pharma corporations to chop costs or be punished (2025, July 31)
retrieved 31 July 2025
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