Washington – President Donald Trump He says that he will sign an executive order on Monday that, if implemented, could reduce the costs of some medications, reviving a failed effort of his first mandate in a problem that has spoken since even becoming president.
The order that Trump promises will direct the Department of Health and Human Services to tie what State Medical Insurance Pay for the medications administered in the office of a doctor at the lowest price paid by other countries.
“I will institute the most favored nation policy for which the United States will pay the same price as the nation that pays the lowest price anywhere in the world,” the president published on Sunday at his social media site, promising to sign the order on Monday morning at the White House.
“Our country will finally be treated fairly, and our citizens’ medical care costs will be reduced by numbers never thought before,” Trump added.
It is likely that your proposal would only affect certain medications covered by Medicare and an office, think about infusions that treat cancer and other injectables. But potentially it could bring significant savings to the government, although the “billion dollars” that Trump boasted in his position can be an exaggeration.
Medicare provides health insurance for approximately 70 million major Americans. Complaints about the prices of US medications that are notoriously high, even when compared to other large and rich countries, have long attracted the anger of both parties, but a lasting solution has never eliminated Congress.
According to the planned order, the Federal Government would link what pays pharmaceutical companies for those medicines at the price paid by a group of other economically advanced countries, the so -called “most favored nation” approach.
The proposal will face a fierce opposition from the pharmaceutical industry.
It was a rule that Trump tried to adopt during his first term, but he could never happen. He signed a Similar executive order In the last weeks of its presidency, but a Judicial mandate Later he blocked the rule of entering into force under the Biden administration.
The pharmaceutical industry argued that Trump 2020’s attempt would give foreign governments the “advantage” by deciding the value of medicines in the United States. The industry has argued for a long time to force lower prices will harm the profits and, ultimately, will affect innovation and their efforts to develop new medications.
It is likely that only medications in Medicare Part B, the insurance for visits to the doctor’s office, are covered by the plan. Medicare beneficiaries are responsible for collecting some of the costs to obtain these medications during the medical visits, and for the traditional Medicare affiliates there is no annual pocket limit on what they pay.
TO report By the Trump administration during his first term he discovered that the United States spends twice as many countries to cover those drugs. Medicare part B drug spending exceeded $ 33 billion in 2021.
More common prescription medications Filling in a pharmacy would probably not be covered by the new order.
Trump’s publication previously prior to the action occurred after a “very large announcement” last week. He did not give details, except to notice that he was not related to trade or rates he has announced to impose a large part of the world.
“We are going to have a very, very big announcement to do, as as much as possible,” Trump said last week.
He entered his first period accusing the pharmaceutical companies of “escaping with murder” and complaining that other countries whose governments established drug prices took advantage of Americans.
On Sunday, Trump pointed to the industry again, writing that the “pharmaceutical/pharmaceutical companies would say, for years, that they were research and development costs, and that all these costs were, and that, without any reason, they do not take charge of the ‘offspring’ of the United States, only.”
Referring to the powerful lobbying efforts of pharmaceutical companies, he said that the contributions of the campaign “can do wonders, but not with me, and not with the Republican Party.”
“We are going to do the right thing,” he wrote.
