09/16/2020

Trump Signs Executive Order on Drug Prices

WASHINGTON -- Drugmakers and some medical societies expressed disappointment over an executive order President Trump signed Sunday designed to implement a "most favored nation" scheme for drug pricing.

"The administration has chosen to pursue the 'most favored nation' policy – an irresponsible and unworkable policy that will give foreign governments a say in how America provides access to treatments and cures for seniors and people struggling with devastating diseases," Stephen Ubl, president and CEO of the Pharmaceutical Research and Manufacturers of America (PhRMA), said in a statement. "What's worse is that they are now expanding the policy to include medicines in both Medicare Part B and Part D, an overreach that further threatens America's innovation leadership and puts access to medicines for tens of millions of seniors at risk."  READ MORE