Over the weekend, President Donald Trump teased an upcoming executive order that would lower prescription drug prices for Americans anywhere between 30 and 80%.
Trump shared the following message on TRUTH Social:
For many years the World has wondered why Prescription Drugs and Pharmaceuticals in the United States 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!
Monday morning, Trump gathered with HHS Secretary Robert F. Kennedy Jr. and members of his administration to officially sign the order, saying Americans will now “pay the lowest price there is in the world.”
“We’re no longer paying 10x more than another country,” Trump said.
Trump listed off examples of how common drugs like asthma medicine cost exponentially more in the U.S. — but those days are coming to an end.
Watch the clip below:
.@POTUS on Most Favored Nation prescription drug pricing: "We are going to pay the lowest price there is in the world. Whoever is paying the lowest price, that is the price we're going to get — so we're no longer paying ten times more than another country." pic.twitter.com/IdckTkObE0
— Rapid Response 47 (@RapidResponse47) May 12, 2025
Kennedy also addressed the press, stressing Trump “is a man of his word who has the courage” to follow through on this promise; “he can’t be bought,” Kennedy stressed, referring to pharmaceutical companies that aggressively lobby politicians to prevent drug price reform.
Watch the clip below:
.@SecKennedy: "We now have a President who is a man of his word, who has the courage… he can't be bought, unlike most of the politicians in this country — and he is standing here for the American people." pic.twitter.com/0m6wzUWjpZ
— Rapid Response 47 (@RapidResponse47) May 12, 2025
