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Prescription drugs cost more in the United States than anywhere else in the world. President Donald Trump and some bipartisan senators want to change that.
Trump has so far issued several actions related to prescription drug prices. The latest, announced May 12, is a Most Favored Nation Prescription Drug policy, requiring pharmaceutical companies to offer their lowest price to U.S. customers.
An earlier order aimed to ensure that the middlemen in the drug supply chain can't hold on to rebates provided by pharmaceutical companies and instead must pass savings on to Medicare beneficiaries.
In all, the president has taken at least a dozen actions to reduce prescription drug costs, while no less than nine Senate bills aim for the same results.
Some of these ideas have been introduced before.
Trump's Most Favored Nation pricing plan was introduced near the end of his first term.
Table with 5 columns and 4 rows.
Based on 2021 reporting by the Government Accountability Office
Table: The Epoch TimesCreated with Datawrapper
[EXTERNAL LINK] - $67 in France and $798 in US–Why Prescription Drug Prices Are so High in US
Trump has so far issued several actions related to prescription drug prices. The latest, announced May 12, is a Most Favored Nation Prescription Drug policy, requiring pharmaceutical companies to offer their lowest price to U.S. customers.
An earlier order aimed to ensure that the middlemen in the drug supply chain can't hold on to rebates provided by pharmaceutical companies and instead must pass savings on to Medicare beneficiaries.
In all, the president has taken at least a dozen actions to reduce prescription drug costs, while no less than nine Senate bills aim for the same results.
Some of these ideas have been introduced before.
Trump's Most Favored Nation pricing plan was introduced near the end of his first term.
Prescription Drug Price Comparison
Gross prices given in U.S. dollarsTable with 5 columns and 4 rows.
Drug Name | United States | Australia | Ontario, Canada | France |
---|---|---|---|---|
Xarelto Oral Tablet 15mg | 471 | 64 | 78 | 67 |
Trulicity Subcutaneious Solution 1.5mg, 5ml | 798 | Not Covered | Not Covered | 89 |
Tremfya Subcutaneous Solution 100mg / 1ml | 11,437 | 2,594 | Not Covered | 1,991 |
Remlivid Oral Capsule 5mg | 22,048 | 4,723 | 7,716 | Not Covered |
Table: The Epoch TimesCreated with Datawrapper
[EXTERNAL LINK] - $67 in France and $798 in US–Why Prescription Drug Prices Are so High in US