drug prices

Trump signs an order to reduce drug prices, but it’s unclear how it would work

President Trump wants to lower drug prices in the U.S. by tying them to the prices paid in other developed countries. The pharmaceutical industry has long opposed the approach.

Trump signs executive action to lower drug prices

The action is intended to build upon the existing program for Medicare drug price negotiations, which was created by the Inflation Reduction Act that passed during the Biden administration.