Trump Pressures Big Pharma to Slash Prices

When on vacation in Mexico, I found my blood pressure med (that is $70. a month, my deductible is $20) in the local drug store for $11. and I could buy a year’s supply instead of running to my drugstore every month. Plus I could buy basic, routine ailment medicines without a doctor visit. The savings were double the cost of my plane fare. My cousin gets her menopause hormone from a mail order company in Canada, she can’t afford it here. This is wrong on so many levels!

Big Pharma has for a long time been manipulating the prices of its drugs in the USA. It's time to stop advertising drugs and cut the middleman out of the pricing models, saving people money without price controls. Our costs in America should not exceed those of the rest of the world.

I agree that overpriced prescriptions are devastating, in particular to seniors on limited incomes. Subscriber costs need to be leveled between the US and the rest of the world.

One never knows what Trump intends. Right now we need to support this because we are fighting a war to save our republic and he is the only hope we have. I do worry that he will go too far, but so far, he is shaking up the world and that is the only way to fight this war and win.

It is about time the American consumer quit underwriting the rest of the world

The cost that’s not part of this EO is the role ‘PBMs’ play in expensive monopolistic profit taking in the pharmaceutical system. There is Congressional action in the US House to limit the use of PBMs owned by Big Pharma. Many states such as Ohio, are considering legislation to limit PBMs also. They(PBMs) run out private pharmacies and direct subsidies,profits, and customers to their organizational owners and then take big profits for reducing costs on the backs of private pharmacies . Than

I cannot come up with a rationale for American pharmaceutical companies to charge US citizens roughly 3 times more for medications than citizens of other countries. So, are these pharmaceutical companies price gouging? Don't we have laws against that?

Typically I would state, overreach, however big pharma has been price gouging us for years resulting in people not being to afford life saving medications. Medicine should not be out of our reach in order to save our lives and/or make our lives better.

It is good that big pharmaceutical have money to research new medicines but they have taken advantage of the American people long enough. They have made more than enough money when people cannot afford their medicines.

This price gouging of the American consumer has been going on for many decades. Looks like a bipartisan effort is coming to finally level the playing field!

This is a win for Americans. This doesn't tell big-pharma what to charge, but to charge a cost comparable to the cost in other DEVELOPED countries. It's not like we can simply avoid buying needed drugs as if it is an overpriced car or appliance.

There is a comment below that says RFK Please ban all drug commercials, just try clicking on the heart icon and see how quick you get an error message - no matter how many times you may try, the result is the same. This is a form of censorship plain and simple!

Federal laws regarding healthcare passed over the last 40 years should be reviewed and many rescinded. There has been an incremental attack on this system to everyone’s detriment. Regarding pharmaceuticals, something shifted about 15-20 years ago which has led to our current nightmare - especially with the drugs in life saving categories, such as insulin and epinephrine. Creating new laws will not necessarily “fix” the problem. Find the laws and pull them out by the root.

My question is why are the drugs cheaper in other developed countries. Do they have fewer regulations, do they have fewer middlemen (insurance, distributors, pharmacy benefit management, ...) or do we have more of these and other costs? A price deduction that is arbitrary with no relation to the cost of doing business is a loss-loss scenario.

Big Pharma only sells sugar pills, never cured anyone but plenty of humans died from their Concoctions

That explains it all. We’ve been subsidizing the rest of the world for years. While Americans are drowning in medical debt and losing their homes to afford treatment, other countries get dirt-cheap medicine—because we foot the bill. They get rock-bottom prices, and then jack up the cost for us to make up the difference. So while others pay pennies on the dollar, Americans are stuck choosing between groceries or insulin. That’s the price of being the world’s ATM.

The insult doesn’t stop there—we’re also subsidizing the millions of illegal aliens. They broke into our house, are eating our food, stealing jobs, and living off our tax dollars. They get free healthcare, free schooling, housing assistance, legal aid, cash in hand, and now even driver’s licenses.

We’re forced to subsidize EV owners. Our electric bills double just so they can keep pretending they’re saving the planet. Yet we’re all forced to pay more so those who did can enjoy cheap charging and government handouts.

A win

I do not like government control of much beyond defense!..... But that said drug companies have been raping us compared to other countries. Buying through a Canadian Pharmacy has saved me over 60% on inhalers. Mexico is cheaper still. I can see paying more than most but not two or three times as much.

It seems to me that there can not be a good reason why certain drugs cost one tenth or less in London (and apparently in Canada as well) than they do in NYC. The UK is hardly a developing nation and neither is the rest of the EU. Something is seriously out of balance with our health care system. Trump is attempting to address this issue but can anyone be successful against an entrenched big pharma?

Bob Tasker

Something has to be done about the price of prescription drugs! I'm lucky to have drugs attached to my med. insurance, and pay only a percentage charged to Excellus. However, my part of the payment has risen from $5.00 across the board to anywhere from $10 to $20, incrementally every year and it frightens me to consider what next year will bring if the costs aren't reined in... and soon.

This is a win, despite the fact that it's a bit of an overreach. Big Pharma will not decrease prices (prices are not costs) unless forced to do so. I have a problem with paying so much more for medications than those in other developed nations. Requiring "preferred nation" pricing puts us on a more level playing field. If you've ever gone to bat against your pharmacy and told them you can't afford a drug, ever notice they'll put you on hold, come back later, and voila - it's suddenly much less expensive? My spouse required a special antibiotic after his surgery - $1,8oo.oo for a 6-day supply (yes, that's 4 digits)! After our "talk" with the pharmacy - voila - $150.00. THIS, folks, is why this EO is a win.

From 2020 ruling: "Judge Catherine Blake in Maryland ruled that the administration had rushed the rule without giving the public a chance to comment, in violation of federal law." This time, hopefully he gives enough time to get public comment. Then there should be no issue, right?

My husband is a pharmacist and was in DC when Trump signed the his first pharmaceutical pricing executive order. Small pharmacies have been fighting for years to eliminate PBMs and the outrageous prices charged by big pharma. Not only is the current pharmaceutical landscape hurting consumers, it’s also killing small, independent pharmacies.

We are too broke to shoulder the costs for other western nations. Europe needs to get off the payroll. Americans don’t grow money on trees they work hard for it. Super needs to pay for their military and socialism

We are too broke to shoulder the costs for other western nations. Europe needs to get off the payroll. Americans don’t grow money on trees they work hard for it. Super needs to pay for their military and socialism