Trump Signs Executive Order to reduce prescription medication prices | Donald Trump News

The president makes the move of reducing drug prices that have long been a source of financial burdens for US patients.

The President of the United States, Donald Trump, has signed an executive order that he says he will reduce the price of prescription drugs in the USA by up to 90 percent.

In an announcement on Monday, Trump said drug companies that “benefit”, have to reduce prices, but mainly blame for high prices on abroad.

“We will compensate for,” said Trump during a press conference. “We will all pay the same. We will pay what Europe pays.”

The people in the United States have long been a runaway when it comes to prices that they pay for numerous types of life -saving medication, and often pay more than their colleagues in other rich countries for almost identical medication.

This phenomenon is often attributed to the considerable economic and political influence that the pharmaceutical industry triggers in the United States.

The high costs for medical drugs have been a source of the dissatisfaction of the population in the United States for years, and Trump accused the pharmaceutical industry to “get away with murder” in 2017.

But in his comments on Monday, the US manager also seemed to say that US pharmaceutical companies were ultimately not responsible for the difference in prices. Instead, Trump framed these high prices in the familiar conditions of a trade weight with partners such as the European Union and said that the United States was “subsidized” lower drug prices in other nations.

This perspective seems to be aligned with the frame of the pharmaceutical industry. The most powerful lobby -poor in the industry said that the cause of high prices for US consumers “does not pay their appropriate share”.

Senator Bernie Sanders, a left-wing politician who has paid for years against the high prices, said Trump's command incorrectly responsible for the countries of abroad as US companies for these prices.

“I agree with President Trump: It is outrageous that the American people are by far the highest prices in the world for prescription medication,” said Sanders in an explanation.

“But let us be clear: The problem is not that the price for prescription drugs in Europe and Canada is too low. The problem is that the extraordinarily greedy pharmaceutical industry has achieved over 100 billion US dollars per profit last year by tearing off the American population.”

In a FAT Sheet shared by the White House, the administration will “convey the price goals with the sale of pre -contractions to the pharmaceutical manufacturers in order to determine that America, the largest buyer and donor from prescription drugs in the world, is given the best offer”.

The share prices of the US drug manufacturers have struggled upwards after the announcement. Experts have doubts about Trump's optimistic claim that the drug prices would decrease quickly and significantly.

“It really seems that the plan is to ask the manufacturers to voluntarily lower their prices,” said Rachel Sachs, expert in Health Right at Washington University in St. Louis, Missouri, the Associated Press news agency.

“If you do not lower your prices to the desired point, HHS [the Department of Health and Human Services] Comed other actions with a very long timeline, some of which could possibly reduce years in the future in the future. “