President Trump signed an executive order Sunday to lower the cost of prescription drugs, he revealed on Twitter. „My Most Favored Nation order will ensure that our Country gets the same low price Big Pharma gives to other countries,” the president tweeted. “The days of global freeriding at America’s expense are over…” “…and prices are coming down FAST! Also just ended all rebates to middlemen, further reducing prices,” he added in a follow-up tweet. The exact measures of the new order are not clear, but will be fully outlined in the next few days. Trump in July signed four executive orders designed to reduce drug costs for consumers in a bid to highlight his commitment to cutting prescription prices before the November 3 presidential election.
Trump came into office complaining that pharmaceutical companies were ‘getting away with murder’ and promising to bring them under control. „I was only President in 51 years that got a Prescription D reduction!” previously the President said. Americans remain worried about drug costs, with nearly 9 in 10 saying in a recent Gallup-West Health poll that they’re concerned the pharmaceutical industry will take advantage of the coronavirus pandemic to raise prices./ Experts said any orders were unlikely to take effect in the near term.