President Donald Trump announced that he plans to sign an executive order on Monday that will reduce the cost of prescription drugs and pharmaceutical products “almost immediately, at 30% to 80%.”
Trump made the announcement in Truth Social Sunday.
“For many years, the world has wondered why prescribed medications and pharmaceutical products in the United States of America were much higher in price than in any other nation, sometimes being five to ten times more expensive than the same medicine, manufactured in the same laboratory or plant, by the same company?” Trump wrote. “It was always difficult to explain and very shameful because, in fact, there was no correct or legitimate answer.
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President Trump announced plans to sign an executive order this week that says he will eliminate the costs of prescription medications between 30 and 80% almost immediately. (Getty images)
“Pharmaceutical/Pharmaceutical companies would say, for years, that they were research and development costs, and that all these costs were, and would not be, without being, carried by the Republican Party for Campaign Contribution of ‘Vaders’ or America.” He continued, “the president continued.
“We are going to do the right thing, something that the Democrats have fought for many years,” Trump added. “Therefore, I am pleased to announce that tomorrow morning, at the White House, at 9:00 am, I will sign one of the most consistent executive orders in the history of our country. Recired and pharmaceutical drugs, from 30% to 80%.
Trump said the cost of drugs will increase in the world, but for the first time in many years, he added, “will bring justice to the United States!”
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“I will institute the most favored nation policy that the United States will pay the same price that the nation pays the lowest price anywhere in the world,” Trump said. “Our country will finally be treated fairly, and our citizens’ medical care costs will be reduced by numbers never thought or before. In addition, in addition to everything else, the United States will save billions of dollars.”