CNN reports:
President Donald Trump announced Sunday that he plans to resurrect a controversial policy from his first term that aims to reduce drug costs by basing payments for certain medicines on their prices in other countries.
His prior rule, called “Most Favored Nation,” was finalized in late 2020 but blocked by federal courts and rescinded by then-President Joe Biden in 2021. It would have applied to Medicare payments for certain drugs administered in doctors’ offices. However, it is unclear what payments or drugs the new directive would apply to.
In a Truth Social post Sunday evening, Trump said he plans to sign an executive order Monday morning that he argues would drastically lower drug prices.
Read the full article.
Better refill your prescriptions now, because you may not be able to get them soon. pic.twitter.com/G9II6odUdo
— Ron Filipkowski (@RonFilipkowski) May 11, 2025
Pres. Trump announced on social media on Sunday he will sign an executive order aimed at lowering prescription drug costs.
The president claimed the order will reduce prescription drug and pharmaceutical prices between 30% and 80% “almost immediately.” https://t.co/QINj9ZXINk pic.twitter.com/z6ffBGnrQG
— ABC News (@ABC) May 11, 2025
What do you call it when a POTUS attempts to declare prices by fiat, even though he previously tried to do it and was shut down by the courts?
Free market capitalism?
Democracy?No, none of those.
Communism? That seems closer. Stalinism?https://t.co/2VRrwobxub
— Rogue POTUS Staff (@RoguePOTUSStaff) May 11, 2025