UPDATED 4:30 PM PT – Fri. July 5, 2019
President Trump says he’s preparing an executive order which would lower drug prices.
Speaking to reporters Friday, the president said his administration plans to create a “favored nations clause.”
The clause would ensure the U.S. would pay no more for a drug than the lowest price paid by another country.
The Trump administration is working to shed more light on the healthcare industry’s non-transparent pricing practices.
Starting this month, big pharma will have to include drug prices in TV ads.