Big Pharma delivers counteroffer to Trump’s drug pricing order, but details remain scarce

On July 24, President Donald Trump signed four executive orders intended to curb skyrocketing drug prices in the United States — notable among them was the plan to match prices for certain Medicare drugs to those offered in other countries.“Under this transformative order, Medicare will be required to purchase drugs at the same price as other countries pay,” Trump said at the signing. However, he noted that he would belay the executive order by 1 month “hoping that that the pharmaceutical companies will come up with something that will substantially reduce drug prices.”Read More

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