President Donald Trump announced a forthcoming executive order intended to significantly reduce prescription drug prices in the United States. The plan aims for a reduction of prices by as much as 80% through a 'most favored nation' strategy, which would align U.S. prices with those of the lowest international rates. Trump emphasized the historical discrepancies in drug pricing, stating that the American public has long suffered financially due to inflated prices that often surpassed those in other countries. He asserted that this move was designed to create fairness for American citizens.
"For many years the World has wondered why Prescription Drugs and Pharmaceuticals in the United States were SO MUCH HIGHER IN PRICE THAN THEY WERE IN ANY OTHER NATION..."
"I will be signing one of the most consequential Executive Orders in our Country's history. Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%."
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