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President Trump Announces Executive Order to Lower Prescription Drug Prices through MFN

Posted on 5/12/25 at 7:07 am
Posted by GumboPot
Member since Mar 2009
133469 posts
Posted on 5/12/25 at 7:07 am
Surprised this is not posted yet:





quote:

For many years the World has wondered why Prescription Drugs and Pharmaceuticals in the United States of America were SO MUCH HIGHER IN PRICE THAN THEY WERE IN ANY OTHER NATION, SOMETIMES BEING FIVE TO TEN TIMES MORE EXPENSIVE THAN THE SAME DRUG, MANUFACTURED IN THE EXACT SAME LABORATORY OR PLANT, BY THE SAME COMPANY??? It was always difficult to explain and very embarrassing because, in fact, there was no correct or rightful answer.

The Pharmaceutical/Drug Companies would say, for years, that it was Research and Development Costs, and that all of these costs were, and would be, for no reason whatsoever, borne by the “suckers” of America, ALONE. Campaign Contributions can do wonders, but not with me, and not with the Republican Party. We are going to do the right thing, something that the Democrats have fought for many years.

Therefore, I am pleased to announce that Tomorrow morning, in the White House, at 9:00 A.M., I will be signing one of the most consequential Executive Orders in our Country’s history. Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%. They will rise throughout the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA!

I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World. Our Country will finally be treated fairly, and our citizens Healthcare Costs will be reduced by numbers never even thought of before. Additionally, on top of everything else, the United States will save TRILLIONS OF DOLLARS. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!”

Posted by fjlee90
Baton Rouge
Member since Nov 2016
8383 posts
Posted on 5/12/25 at 7:11 am to
Sounds good in theory… but I need some background as to how this isn’t just a rebranded version of price controls?

Is it supposed to work by basically lowering American costs and the manufacturer has to raise prices for other countries to offset lost revenue?
Posted by DavidTheGnome
Monroe
Member since Apr 2015
30561 posts
Posted on 5/12/25 at 7:11 am to
So government interference and price controls? Getting closer to a command economy ?
Posted by FATBOY TIGER
Valhalla
Member since Jan 2016
11480 posts
Posted on 5/12/25 at 7:12 am to
Just say NO to EO's
Posted by mwade91383
Washington DC
Member since Mar 2010
6383 posts
Posted on 5/12/25 at 7:13 am to
Posted by GumboPot
Member since Mar 2009
133469 posts
Posted on 5/12/25 at 7:14 am to
quote:

So government interference and price controls?


How’s it not price controls now?

And doesn’t government place price controls on the economy’s biggest commodity right now, money?
Posted by UptownJoeBrown
Baton Rouge
Member since Jul 2024
2722 posts
Posted on 5/12/25 at 7:16 am to
quote:

So government interference and price controls? Getting closer to a command economy ?


When it’s unfair to your citizens, Yes. Course it depends on what you consider unfair. In this case, I agree with my boy Trump.
Posted by Captain Rumbeard
Member since Jan 2014
5548 posts
Posted on 5/12/25 at 7:21 am to
It's not price controls by the government. If they were setting the price then you'd be right. But in this case, the company has already set the price. They just weren't giving it to us.
Posted by GumboPot
Member since Mar 2009
133469 posts
Posted on 5/12/25 at 7:21 am to
People complaining about this with the biggest criticism being “price controls” will be the biggest critics in one had but are likely huge Federal Reserve defenders because they love price controls on money. Congress has given the FR the authority to set the supply and price of money.
Posted by GumboPot
Member since Mar 2009
133469 posts
Posted on 5/12/25 at 7:23 am to
quote:

It's not price controls by the government. If they were setting the price then you'd be right. But in this case, the company has already set the price. They just weren't giving it to us.


This EO is like implementing anti-trust laws internationally.
Posted by Tuscaloosa
12x Award Winning SECRant user
Member since Dec 2011
49295 posts
Posted on 5/12/25 at 7:25 am to
quote:

Surprised this is not posted yet:


It was.

LINK

Plus further discussion in the original thread talking about his next Truth.

LINK
Posted by Flats
Member since Jul 2019
25379 posts
Posted on 5/12/25 at 7:25 am to
quote:

People complaining about this with the biggest criticism being “price controls” will be the biggest critics in one had but are likely huge Federal Reserve defenders because they love price controls on money.


Like who?
Posted by trinidadtiger
Member since Jun 2017
16994 posts
Posted on 5/12/25 at 7:31 am to
Some of you need to read up on trade laws regarding the US.

If Pepsi or Coke charged a higher price to Wal Mart than other customers, particularly since Wal Mart was their largest customer, their arse would be dragged into court and fined in a minute.

It is price fixing by the companies NOT price controls by the US govt. They are free to charge other customers in the world whatever they want, we just get the lowest price of those countries.
Posted by dgnx6
Member since Feb 2006
79721 posts
Posted on 5/12/25 at 7:33 am to
Explain to me how negotiating drug prices is the same as telling a grocery store with thin margins they have to sell their items for less than it costs them to get product on the shelves.



And if we wanted a true free market there wouldn’t be restrictions on buying cheaper drugs from other countries like Canada.



Didn’t know this, but part of an early executive order.

quote:

1. Executive Order Signed on April 15, 2025 This EO, titled “Lowering Drug Prices By Once Again Putting Americans First,” outlines several strategies to reduce drug costs, focusing on Medicare reforms, transparency, and competition.


quote:

• Facilitating Drug Importation: • Instructs the FDA to improve pathways for states to import lower-cost drugs from Canada, reviving a first-term initiative.






This post was edited on 5/12/25 at 8:12 am
Posted by BhamTigah
Lurker since Jan 2003
Member since Jan 2007
16135 posts
Posted on 5/12/25 at 7:33 am to
We have a health epidemic which could be considered a national emergency.

These controls could be seen as preventing price gouging.
Posted by DiamondDog
Louisiana
Member since Nov 2019
12001 posts
Posted on 5/12/25 at 7:37 am to
(no message)
This post was edited on 5/12/25 at 7:40 am
Posted by GumboPot
Member since Mar 2009
133469 posts
Posted on 5/12/25 at 7:39 am to
quote:

These controls could be seen as preventing price gouging.


If drug companies like their prices they can just charge Europe and other countries US prices.
Posted by I20goon
about 7mi down a dirt road
Member since Aug 2013
17686 posts
Posted on 5/12/25 at 7:44 am to
If it was "price controls" would it not be done at the retail/distributor level and not the wholesale/manufacturer level?

What I'm curious about is the how of how we got here... are the pharmaceutical companies facing cost controls in other countries?

If so, then they made the choice to inflate US prices, emphasis on choice, because we have no price controls?

Is it a medicare/subsidy scam where they are taking advantage of the US population because of the way healthcare works in this country when gov't is involved? That's a whole other ballgame.

The how we got here determines whether "price controls" or "market restrictions" are warranted.... or not. Whether lawsuits and possibly charges are warranted... or not.
Posted by SlayTime
Member since Jan 2025
1657 posts
Posted on 5/12/25 at 7:52 am to
quote:

So government interference and price controls? Getting closer to a command economy ?


Charging people more for the same item simply because they are American is a violation of the Civil Rights Act. You cannot charge a person more because of their national origin.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
452011 posts
Posted on 5/12/25 at 7:54 am to
quote:

Charging people more for the same item simply because they are American is a violation of the Civil Rights Act.


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