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Trump to announce executive action to lower drug costs – Bloomberg News – Metro US

Trump to announce executive action to lower drug costs – Bloomberg News

U.S. President Trump hosts coronavirus response task force briefing at
U.S. President Trump hosts coronavirus response task force briefing at the White House in Washington

(Reuters) – President Donald Trump will announce executive action to lower drug costs to match foreign prices, including a plan for Americans to buy lower-cost prescription medication imported from Canada, Bloomberg News reported on Thursday.

The executive action could be announced as early as Friday and will include a policy to tie Medicare payments to foreign countries’ drug prices, according to Bloomberg https://bit.ly/3hwyAy4. The order will also include a policy to cut the cost of insulin and Epi-Pens at hospitals through a current drug discount program, the report added, citing sources.

(Reporting by Kanishka Singh in Bengaluru; Editing by Leslie Adler)

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