> Under the planned order, the federal government would tie what it pays pharmaceutical companies for those drugs to the price paid by a group of other, economically advanced countries — the so-called “most favored nation" approach.
> The proposal will face fierce opposition from the pharmaceutical industry.
> It was a rule that Trump tried to adopt during his first term, but could never get through. He signed a similar executive order in the final weeks of his presidency, but a court order later blocked the rule from going into effect under the Biden administration.
AXIOS [1]
> Worth noting: Trump earlier this year rescinded a similar executive order from former President Biden that also aimed to lower prescription drug costs.
> Zoom out: Trump is expected to impose tariffs on pharmaceuticals produced overseas in the coming weeks. Experts say such a policy could increase drug costs and exacerbate shortages.
k310•9mo ago
> Under the planned order, the federal government would tie what it pays pharmaceutical companies for those drugs to the price paid by a group of other, economically advanced countries — the so-called “most favored nation" approach.
> The proposal will face fierce opposition from the pharmaceutical industry.
> It was a rule that Trump tried to adopt during his first term, but could never get through. He signed a similar executive order in the final weeks of his presidency, but a court order later blocked the rule from going into effect under the Biden administration.
AXIOS [1]
> Worth noting: Trump earlier this year rescinded a similar executive order from former President Biden that also aimed to lower prescription drug costs.
> Zoom out: Trump is expected to impose tariffs on pharmaceuticals produced overseas in the coming weeks. Experts say such a policy could increase drug costs and exacerbate shortages.
[0] https://www.usnews.com/news/health-news/articles/2025-05-11/...
[1] https://www.axios.com/2025/04/16/trump-drug-pricing-order-co...