Trump signs executive order to lower prescription drug prices, says it’ll force Big Pharma to give US lower rates

President Donald Trump

President Donald Trump has signed a new executive order on prescription drugs, which he said will force the makers of pharmaceuticals to give US consumers the same lower prices that they charge in Canada and other countries.

“The days of global freeriding at America’s expense are over,” Trump tweeted on Sunday. He promised that the so-called “most favored nation” order will ensure that big drug companies can no longer charge much higher prices in the US than they are paid elsewhere.

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