{"id":28289,"date":"2020-09-14T16:56:25","date_gmt":"2020-09-14T20:56:25","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=28289"},"modified":"2020-09-14T16:56:25","modified_gmt":"2020-09-14T20:56:25","slug":"trump-issues-huge-executive-order-to-decrease-big-pharmas-drug-prices","status":"publish","type":"post","link":"http:\/\/stateofthenation.co\/?p=28289","title":{"rendered":"Trump issues HUGE Executive Order to decrease Big Pharma&#8217;s drug prices"},"content":{"rendered":"<h1>Trump signs executive order to lower prescription drug prices, says it\u2019ll force Big Pharma to give US lower rates<\/h1>\n<p><!--more--><\/p>\n<div id=\"attachment_28290\" style=\"width: 778px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-28290\" class=\"size-full wp-image-28290\" src=\"http:\/\/stateofthenation.co\/wp-content\/uploads\/2020\/09\/5f5e6d4d85f540151f4fee6d.jpg\" alt=\"\" width=\"768\" height=\"432\" srcset=\"http:\/\/stateofthenation.co\/wp-content\/uploads\/2020\/09\/5f5e6d4d85f540151f4fee6d.jpg 768w, http:\/\/stateofthenation.co\/wp-content\/uploads\/2020\/09\/5f5e6d4d85f540151f4fee6d-300x169.jpg 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><p id=\"caption-attachment-28290\" class=\"wp-caption-text\">FILE PHOTO. \u00a9 REUTERS\/Bryan Woolston<\/p><\/div>\n<p>RT.com<\/p>\n<p>President Donald Trump has signed a new executive order on prescription drugs, which he said will force the makers of pharmaceuticals to give US consumers the same lower prices that they charge in Canada and other countries.<\/p>\n<p><em>&#8220;The days of global freeriding at America&#8217;s expense are over,&#8221;<\/em>\u00a0Trump tweeted on Sunday. He promised that the so-called\u00a0<em>&#8220;most favored nation&#8221;<\/em>\u00a0order will ensure that big drug companies can no longer charge much higher prices in the US than they are paid elsewhere.<\/p>\n<div class=\"article__text text \">\n<div class=\"rtcode\">\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-0\" class=\"\" title=\"Twitter Tweet\" src=\"https:\/\/platform.twitter.com\/embed\/index.html?creatorScreenName=RT_com&amp;dnt=false&amp;embedId=twitter-widget-0&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1305219365743153152&amp;lang=en&amp;origin=https%3A%2F%2Fwww.rt.com%2Fusa%2F500608-trump-lower-drug-prices%2F&amp;siteScreenName=RT_com&amp;theme=light&amp;widgetsVersion=219d021%3A1598982042171&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1305219365743153152\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<p><em>&#8220;Prices are coming down fast,&#8221;<\/em>\u00a0Trump said, adding that he also ended all rebates that are paid to middlemen in the marketing of pharmaceuticals, which will provide further savings.<\/p>\n<p>Sunday&#8217;s announcement followed Trump&#8217;s signing of four executive orders on drug pricing on July 24. One of those orders allowed certain drugs to be imported from Canada. Another involved most-favored-nation pricing for the US Medicare program but, at the time, he gave Big Pharma until August 24 to make a compromise deal with him.<\/p>\n<p>That deadline passed without an agreement being announced. It&#8217;s unclear whether Sunday&#8217;s order differs from the July 24 order.<\/p>\n<p>Some prescription drugs in Canada sell at a fraction of the prices paid in the US.<\/p>\n<p>Trump\u2019s executive order comes less than two months before the November 3 presidential election. So far, as healthcare promises are concerned, Trump\u2019s Democratic rival Joe Biden has proposed to expand Obamacare to reduce costs, including adding a government-sponsored health insurance plan, but he\u2019s stopped short of endorsing Medicare for All, the single-payer system proposed by his chief rival in the Democrat primaries, Senator Bernie Sanders.<\/p>\n<p>___<br \/>\n<a href=\"https:\/\/www.rt.com\/usa\/500608-trump-lower-drug-prices\/\">https:\/\/www.rt.com\/usa\/500608-trump-lower-drug-prices\/<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trump signs executive order to lower prescription drug prices, says it\u2019ll force Big Pharma to give US lower rates<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28289","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/28289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28289"}],"version-history":[{"count":0,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/28289\/revisions"}],"wp:attachment":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28289"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}