‘We will no longer tolerate’: Donald Trump gave an executive order to drug manufacturers to reduce drug prices for 30 days

President Donald Trump on Monday signed a comprehensive executive order with the aim of reducing the drug prices in the United States, giving drug companies a 30 -day time limit in cost cuts or facial action.Trump told reporters, “From today, the United States will no longer subsidize foreign healthcare … and we will no longer tolerate profiteering and price from Big Pharma.”Direction directed Health Department under Robert F. Kennedy Junior Leadership, to interact on new drug prices within a month. Whether the conversation fails, Kennedy will have to make a rule connecting American drug prices with low international rates.Trump further said, “We are going to equalize. We are all going to pay only one payment. We are going to pay the Europe that we pay.”The impact of the Republican President’s executive order on Americans with private health insurance is still not clear. The government mainly has the power to control drug prices through Medicare and Medicade programs.Possible drug price reduction was announced with the House Republican, which unveils its proposal to reduce the medicine funding by $ 880 billion.The proposed “most preferred nation” policy attempts to align American drug prices with the lowest international rates for similar drugs. Trump said, “Whoever is paying the lowest price is the price that we are going to receive.”The implementation depends on the desire of pharmaceutical companies to interact on the prices and can face legal opposition to Trump’s previous attempt during his first administration.Trump criticized the current pricing system, highlighting inequalities in costs between the US and Europe, especially about the obese drug ozony.Trump said, “These were really countries that forced Big Pharma to do things that clearly, I am not sure that they were really comfortable, but they are away with it.”He announced a plan to investigate nations for allegedly pressurizing pharmaceutical companies through product restrictions to secure low prices. He challenged “the most powerful lobby – drug and pharmaceutical lobby” in the world.Earlier on Monday, Trump previewed the deficiency: “The prices of the drug should be cut by 59%, plus! Gasoline, energy, grocery items, and all other costs, below. No inflation !!!” He wrote on Truth social.Trump said that low drug prices in the US would be offset at a high cost in other countries.This is not his first attempt to reduce the prices of the drug. During his 2017-2021 tenure, he proposed similar measures, but he was blocked by strong resistance from the drug industry.