Drug Prices to ‘Drop Like a Rock’ After New Executive Order: President Donald Trump

The Trump administration has put in motion its plan to secure lower prescription drug costs for Americans.

This week, the Trump administration took its first steps to implement what’s called “most-favored-nation” pricing. Under the plan, drug prices would fall to the lowest price paid by nations in the Organization for Economic Co-operation and Development, which includes most nations with strong economies, according to Reuters.

“You can have, within a period of weeks, you can have drug costs that drop like a rock,” President Donald Trump said Thursday, according to The Hill.

Trump said that Americans have borne an unfair burden of high prescription prices.

“We are going to now get a reduction in drug costs of up to 89 percent in some cases, but 50 percent would be a low, a bad number,” Trump said.

“It’s going to be massive numbers. It’s going to be incredible for Medicaid, incredible for all forms of health care. Medicare is going to be — it’s going to have a huge impact, so big that nobody can calculate it.”

Trump has tasked Health and Human Services Secretary Robert F. Kenedy Jr. and Centers for Medicare and Medicaid Services Administrator Dr. Mehmet Oz with

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