Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • BW TV
  • Subscribe to Print
BW Businessworld

Trump announces new executive orders to lower drug prices, slash healthcare costs

Trump announces new executive orders to lower drug prices, slash healthcare costs

Photo Credit :

Washington DC [USA], July 25 (ANI): US President Donald Trump on Friday (local time) signed four executive orders to lower drug prices.
The orders signed by Trump would allow states to develop plans to import cheaper drugs from Canada, eliminate a system of drug discounts known as rebates in a bid to simplify the system and seek to make epinephrine and insulin more affordable for some patients of certain health providers, The Hill reported.
The US President also announced an order seeking to slash the price that Medicare pays for drugs to be in accordance with the prices paid in other countries. However, the order's implementation would be from August 25.
The orders "will lead to a massive reduction in drug costs," said Trump at an event in the White House.
"This is just a big day. I have been waiting for this day for a long time," he added.
He will be meeting drug company executives at the White House on July 28 to discuss the matter. (ANI)

Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.


Tags assigned to this article:
us donald trump drug prices medicare

ANI

ANI

More From The Author >>