Trump Signs Executive Order Asking Drugmakers to Slash Prices

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Trump Signs Executive Order Asking Drugmakers to Slash Prices

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Trump Signs Executive Order Asking Drugmakers to Slash Prices

President Trump’s executive order, which did not include specific legal mechanisms for lowering drug prices, was viewed as something of a win for the pharmaceutical industry.

Starting today, the United States will no longer subsidize the health care of foreign countries, which is what we were doing. We were subsidizing others’ health care in countries where they paid a small fraction of what for the same drug that what we pay many, many times more for. And we will no longer tolerate profiteering and price gouging from big pharma. But again, it was really the countries that forced big pharma to do things that frankly, I’m not sure they really felt comfortable doing, but they’ve gotten away with it, these countries. European Union has been brutal. We’re going to tell those countries like those represented by the European Union, that game is up, sorry. And if they want to get cute, then they don’t have to sell cars into the United States anymore. It’s a very big subject and they won’t get cute. Here is the bill. Bobby, come on over here. Now you’re talking about — thank you.

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