{"id":58710,"date":"2025-05-13T13:45:04","date_gmt":"2025-05-13T13:45:04","guid":{"rendered":"https:\/\/pulsperry.com\/?p=58710"},"modified":"2025-05-13T13:45:48","modified_gmt":"2025-05-13T13:45:48","slug":"he-will-si","status":"publish","type":"post","link":"https:\/\/pulsperry.com\/?p=58710","title":{"rendered":"He Will Si."},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

The President will sign an executive order on Monday that will require pharmaceutical companies to price prescription drugs in the country, the same as the lowest price they charge in other countries, in a move the president claims will reduce prescription drug prices \u201cby 30% to 80%.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Key Facts<\/h2>\n\n\n\n
    \n
  • In a post on his Truth Social platform, Trump said his executive order will institute a \u201cMOST FAVORED NATION\u2019S POLICY\u201d where the U.S. will pay the same price for a drug as the \u201cNation that pays the lowest price anywhere in the World.\u201d<\/li>\n<\/ul>\n\n\n\n
      \n
    • In his post, the President called out the fact that prescription drug prices in the U.S. were several times higher than those in other countries and said \u201cthe \u2018suckers\u2019 of America\u201d were being forced to bear drugmakers\u2019 claimed research and development costs \u201cALONE.\u201d<\/li>\n<\/ul>\n\n\n\n
        \n
      • Trump claimed his order would bring prescription drug prices in the U.S. down \u201calmost immediately, by 30% to 80%\u201d but go up elsewhere in the World, \u201cin order to equalize and\u2026bring FAIRNESS TO AMERICA!\u201d<\/li>\n<\/ul>\n\n\n\n
          \n
        • A few hours before making the post, the president teased the announcement, saying his next Truth Social post \u201cwill be one of the most important and impactful I have ever issued.\u201d<\/li>\n<\/ul>\n\n\n\n
            \n
          • The post did not specify how his administration would implement the plan or how it would impact the cost of Medicare and Medicaid drugs.<\/li>\n<\/ul>\n\n\n\n

            How Much More Do Americans Spend On Prescription Drugs Compared Others?<\/h2>\n\n\n\n

            A 2024 study published by RAND found that across all drugs, U.S. prices were nearly 2.8 times higher than those in other countries. When only \u201cbrand-name originator drugs\u201d were considered, prices in the U.S. were more than 4.2 times higher compared to other countries. The study evaluated drug prices in 32 of the 38 advanced economies in the Organization for Economic Co-operation and Development (OECD). The report noted that Americans paid 33% less for unbranded, generic drugs than other countries in the study. However, this did not offset the high spending on brand-name drugs, as generics made up only 8% of overall prescription spending despite making up 90% of filled prescriptions in the U.S. Another analysis of spending on prescription medicine in OECD countries published by Peterson-KFF Health System Tracker in 2022, also showed significantly higher spending by Americans. The study showed that Americans spent $1,126 per capita on prescription drugs while other developed countries spent around $552 per capita. The analysis included both out of pocket spending and prices paid by insurers.<\/p>\n\n\n\n

            \"\"<\/figure>\n\n\n\n

            Crucial Quote<\/h2>\n\n\n\n

            In his post Trump wrote: \u201cThe Pharmaceutical\/Drug Companies would say, for years, that it was Research and Development Costs, and that all of these costs were, and would be, for no reason whatsoever, borne by the \u201csuckers\u201d of America, ALONE. Campaign Contributions can do wonders, but not with me, and not with the Republican Party. We are going to do the right thing, something that the Democrats have fought for many years.\u201d<\/p>\n\n\n\n

            What To Watch For<\/h2>\n\n\n\n

            The \u2018Most Favored Nation\u2019 proposal will likely face strong push back and legal challenges from drug makers, who have argued for years that capping prices will impact innovation and slow development of new drugs. Alex Schriver, an official from the Pharmaceutical Research and Manufacturers of America (PhRMA)\u2014the trade body group that represents drug makers\u2014told the New York Times: \u201cGovernment price setting in any form is bad for American patients. Policymakers should focus on fixing the flaws in the U.S. system, not importing failed policies from abroad.\u201d<\/p>\n\n\n\n

            Tangent<\/h2>\n\n\n\n

            Shares of major pharmaceutical companies fell sharply in premarket trading early on Monday following Trump\u2019s announcement. Eli Lilly\u2019s share price fell to $705.30, down nearly 4% from Friday\u2019s close, while Pfizer\u2019s shares dropped to $21.71, down 2.5%. Merck\u2019s stock slumped to $73.85, around 2.8% in the red, while AbbVie and Johnson & Johnson\u2019s shares fell 4.1% and 2.62% respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

            The President will sign an executive order on Monday that will require pharmaceutical companies to price prescription drugs in the country, the same as the lowest price… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pulsperry.com\/index.php?rest_route=\/wp\/v2\/posts\/58710"}],"collection":[{"href":"https:\/\/pulsperry.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pulsperry.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pulsperry.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pulsperry.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58710"}],"version-history":[{"count":2,"href":"https:\/\/pulsperry.com\/index.php?rest_route=\/wp\/v2\/posts\/58710\/revisions"}],"predecessor-version":[{"id":58714,"href":"https:\/\/pulsperry.com\/index.php?rest_route=\/wp\/v2\/posts\/58710\/revisions\/58714"}],"wp:attachment":[{"href":"https:\/\/pulsperry.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pulsperry.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pulsperry.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}