Breaking News

President Trump Signed An Executive Order To Lower Drug Prices

 

President Trump Signed An Executive Order To Lower Drug Prices

Drug pricing is a top concern of US voters and the above move is made by President Trump in the context of less than 2 months before the US election will take place.

On September 13, US President Donald Trump signed a long-awaited executive order to lower drug prices, which he said would allow US patients to buy drugs at prices similar to those in some other countries. .

The new executive ordinance requires the Secretary of Health and Human Services to "immediately" test a payment model for Medicare - the federal health insurance program for people aged 65 and over, to pay the fee is not higher than the most favored nation treatment.

This means patients in this category will be paid the lowest rates other developed countries are paying for prescription drugs and products.

However, before the new executive decree takes effect, some additional administrative procedures need to be done. The Minister of Health and Human Services will have to bring out the details of the proposal, and it is expected that there will be a host of problems with how this policy will work in practice.

The new ordinance will apply to Medicare Part B and Part D drugs. However, the order does not reduce drug prices for people who are not in the Medicare plan.

Lowering drug prices is a top concern for US voters and the above move is made by President Trump in the context of less than 2 months before the US election will take place.

However, the decree is also controversial, with many Republicans opposing, arguing that the idea of ​​"price control" has more to do with Democrats' proposals to reduce drug prices.

On 24/7, President Trump signed four executive decrees, but delayed signing this decree to help the US government and the pharmaceutical industry reach an agreement. However, the two sides were unable to come to an agreement.

 


No comments