Executive Order Lowers Prescription Drug Prices

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new executive order

KFF Health News

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Health

Trump Exaggerates Speed and Certainty of Prescription Drug Price Reductions - KFF Health News

Summary

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79% Informative

President Donald Trump signed a new executive order to reduce prescription drug costs.

The order's text, unveiled May 12 , undercut the president’s description of how soon consumers could experience this potential boon.

Experts say the order could lower the cost of prescription drugs, perhaps by the 30% to 80% Trump said.

The White House did not provide evidence that the order would provide immediate results.

Trump gives the impression that Americans will see steep decreases in what they pay for prescription drugs.

But the executive order makes clear that any actions will not happen quickly.

The order sets out a 30-day period to develop pricing targets for drugmakers, followed by an unspecified amount of time to see if companies achieve the targets.

If Trump wants reduced prices to benefit all U.S. consumers, Congress will likely have to pass new legislation.

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