President Donald Trump on Monday moved forward with a plan to lower U.S. drug costs by linking prices to those paid in other developed countries – a proposal he will have a tough time putting into effect, experts said.
Trump signed a sweeping executive order directing several federal agencies to renew that effort to cut prices, called the "most favored nation" policy. It essentially aims to tie the prices of some medicines in the U.S. to significantly lower ones abroad, or what Trump described as "equalizing" prices.
More here: https://www.nbcmiami.com/news/business/money-report/trump-wants-to-slash-u-s-drug-prices-with-most-favored-nation-policy-heres-what-to-know/3612709/
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News post in May 13, 2025, 3:00 pm.
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