- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Trump Says Signing 4 Executive Orders to Lead to 'Massive Reduction in Drug Costs'

© REUTERS / LEAH MILLISU.S. President Donald Trump signs an executive order on lowering drug prices during a ceremony in the Eisenhower Executive Office Building at the White House in Washington, U.S., July 24, 2020.
U.S. President Donald Trump signs an executive order on lowering drug prices during a ceremony in the Eisenhower Executive Office Building at the White House in Washington, U.S., July 24, 2020. - Sputnik International
Subscribe
WASHINGTON (Sputnik) - US President Donald Trump announced he had signed four executive orders intended to significantly lower prescription drug prices in the United States.

According to Trump, the first order requires community health centres to pass discounts they receive for insulin and EpiPens directly to patients.

"Under this order, the price of insulin for affected patients will come down to just pennies a day".

The second executive order will allow to legally import prescription drugs from Canada and other countries, where prices for identical drugs are lower, the president said.

Under the third executive order, discounts that drugmakers pay to the middlemen, pharmacy managers who negotiate the prices paid by consumers, will pass directly to patients.

Finally, the fourth order will require Medicare federal health insurance program to purchase drugs at the lowest price among other economically advanced countries, Trump said.

Trump added that this order would be put on hold until 24 August to give pharmaceutical companies time to come up with ideas that will substantially reduce drug prices.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала