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highplainsdem

(56,149 posts)
Sun May 11, 2025, 07:59 PM May 11

Trump to sign executive order to cut prices of medicine to match other countries

Source: Reuters

U.S. President Donald Trump said on Sunday he would sign an executive order to cut prescription prices to the level paid by other high-income countries, an amount he put at 30% to 80% less.

In a post on Truth Social, Trump said he would sign the executive order on Monday morning to pursue what is known as "most favored nation" pricing or international reference pricing.

-snip-

"They will rise throughout the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA!" he said.

-snip-

The drugmakers expect the order to apply to a universe of drugs beyond those currently subject to negotiation under former President Joe Biden's Inflation Reduction Act.

-snip-

Read more: https://www.reuters.com/business/healthcare-pharmaceuticals/trump-sign-executive-order-reducing-prescription-drug-prices-2025-05-11/



He seems particularly happy about other countries' drug prices going up.
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Trump to sign executive order to cut prices of medicine to match other countries (Original Post) highplainsdem May 11 OP
Full post. Expects nationalized medicine in other countries to pick up some of the difference underpants May 11 #1
Thanks! highplainsdem May 11 #6
New grift enid602 May 11 #30
That won't last long. Some well-placed 'donations' will put it in the memory hole. Norrrm May 11 #2
This could be another market manipulation, too. highplainsdem May 11 #5
THIS NotHardly May 11 #8
Well, he doesn't consider it "winning" unless he thinks it's at somebody else's expense. Beartracks May 11 #3
He's a sadist. highplainsdem May 11 #7
I think the net effect of this tariff scheme will be to strangle supply, not actually lower prices. . . . nt Bernardo de La Paz May 11 #4
I agree. Price controls cause supply shortages VMA131Marine May 11 #27
yeah, we have to stop looking at the term "executive order" NJCher May 12 #38
Does this mean the weekend negotiations with China weren't productive? Raven123 May 11 #9
Like Big Pharma will stand for THAT. 50 Shades Of Blue May 11 #10
More lies Jughead May 11 #11
Put this in homegirl May 11 #17
I wonder if he actually will try to executive order universal healthcare into existance SSJVegeta May 11 #29
Getting ready to post the same thing. Another CON JOB for the Markets. Bengus81 May 12 #59
dim's about to show the world--even the cult--how much power an EO DOESN'T have. nt Grokenstein May 11 #12
Big Pharma better open their checkbook for the felon. travelingthrulife May 11 #13
Except for companies which pay a nice big bribe. Irish_Dem May 11 #14
Is Trump's order aimed at Mark Cuban's Cost-Plus Pharma pricing? bucolic_frolic May 12 #54
Trump does nothing unless it benefits himself in some way. Irish_Dem May 12 #55
I doubt it will happen NewEnglandAutumn May 11 #15
similar words NJCher May 12 #39
He does not need an executive order bmichaelh May 11 #16
He's done and said several things this weekend that make me think the repukes know they are underwater in '26 Cheezoholic May 11 #18
Gotta get that jet off the front page . . . Journeyman May 11 #19
King Trump Smackdown2019 May 11 #20
He might as well write an EO to declare every day will be sunny and fair weather Bluetus May 11 #21
in a recent interview NJCher May 12 #40
Part of it is Trump's insanity and ego Bluetus May 12 #61
I'm confused by the Turd's fallacious logic. Tarzanrock May 11 #22
This EO is completely meaningless. It has no legal authority at all. But for sake of argument Bluetus May 11 #24
Say there, Crackpot Turd, just how are we "saving" ... Tarzanrock May 11 #23
That's easy: he did not say per year...or even per decade. In fact, he didn't give any timeframe. Ol Janx Spirit May 11 #25
I see this as a blame-shifting maneuver. He's going to say he did his part, and RockRaven May 11 #26
An Exexcutive Order can't change prices. James48 May 11 #28
in his dreams NJCher May 12 #41
I find it so hard to make sense of the world Trump lives in. applegrove May 12 #31
you might be interested in what the Canadian expert said NJCher May 12 #42
Drug prices will continue to go up. Tarzanrock May 12 #32
Nice idea for generic drugs Warpy May 12 #33
I would interpret this more along the lines of NJCher May 12 #43
Congratulations on your 40,000 post milestone. niyad May 12 #62
Thank you! NJCher May 12 #63
If you think that you are being "ripped" off by the pharmaceutical industries and by the insurance industries ... Tarzanrock May 12 #34
DONNIE! REALITY DOESNT WORK THIS WAY! flying rabbit May 12 #35
Here come major drug shortages Akakoji May 12 #36
Yeah right. The gop (let alone maga) only do things to make themselves and their criminal friends money. C Moon May 12 #37
As useful as Michael Scott declaring bankruptcy. FiveFifteen May 12 #44
Clueless Botany May 12 #45
If other countries drug prices go up, depending how high they go up, based on his proposal, our prices will be JohnSJ May 12 #47
Other nations make pharmaceuticals too and what those manufacturers and other nations Botany May 12 #48
Yes they do, and it is even more complicated because many of the U.S. pharmaceutical companies have partnerships or JohnSJ May 12 #50
One of the reasons our prescription drugs cost so much is that we (I think) are the only ... Botany May 12 #60
First, this has to be approved by Congress. His executive order won't do diddly. Second, he has said he will be JohnSJ May 12 #46
Which will have absolutely nothing to do with the price of drugs. Scrivener7 May 12 #49
Dems messaging is horrible gab13by13 May 12 #51
Yes but now we have pharma without research b/c government funding is neutered. bucolic_frolic May 12 #52
Saw this on Raw Story gab13by13 May 12 #53
More lip service k_buddy762 May 12 #56
He doesn't have the authority to do it without congress. The companies will take him to court and win. everyonematters May 12 #57
Is the the EO that the Republican congress going to rebel on? LiberalArkie May 12 #58

enid602

(9,365 posts)
30. New grift
Sun May 11, 2025, 11:59 PM
May 11

The tariffs will just make the prices go even higher. Redistribute the money to billionaires.

Norrrm

(1,659 posts)
2. That won't last long. Some well-placed 'donations' will put it in the memory hole.
Sun May 11, 2025, 08:06 PM
May 11

He's putting the squeeze on the drug makers.

IMHO

Bernardo de La Paz

(55,994 posts)
4. I think the net effect of this tariff scheme will be to strangle supply, not actually lower prices. . . . nt
Sun May 11, 2025, 08:13 PM
May 11

VMA131Marine

(4,985 posts)
27. I agree. Price controls cause supply shortages
Sun May 11, 2025, 11:37 PM
May 11

Plus there’s the whole question of whether this EO is even Constitutional and I have my doubts on that.

NJCher

(40,182 posts)
38. yeah, we have to stop looking at the term "executive order"
Mon May 12, 2025, 03:01 AM
May 12

and replace it with "desperate wish." What an effing joke. I worked in the pharmaceutical industry with two of the giants in that field. They had conferences where they explored why U.S. drug prices were so much higher than those in other parts of the world. As if these pricks didn't already know.

I had to cover these conferences and present the take to the media on it. I LMAO when one expert from Canada came right out and said the reason was that U.S. citizens had the money and other parts of the world didn't, and that's why.

To think that this moron can come out and issue one of his "executive orders" and things will change is laughable.

Oh well, at least I won't have to be in my office tomorrow thinking of how to present this development to the pharmaceutical world.

What a clown.

Yeah, wave your magic wand, you caked-on orange face moron.

homegirl

(1,733 posts)
17. Put this in
Sun May 11, 2025, 09:29 PM
May 11

the same category as "Bigger, better, cheaper health care for all coming in TWO WEEKS!"

bucolic_frolic

(50,502 posts)
54. Is Trump's order aimed at Mark Cuban's Cost-Plus Pharma pricing?
Mon May 12, 2025, 07:53 AM
May 12

Mark Cuban could be our guy in 2028. He understands Big Business and he's not happy for consumers. Trump is taking aim, just in case.

NewEnglandAutumn

(221 posts)
15. I doubt it will happen
Sun May 11, 2025, 09:11 PM
May 11

In this country the Insurance companies set how much people pay for their medication. Rx costs have nothing to do with pharmacies (most don't make money on prescriptions) name brand medications make pharmacies nothing in fact pharmacies often lose money on the most expensive medications. The people reaping massive profits are insurance companies and big Pharma. Those entities have very deep pockets and give a LOT of money to political parties.

I suspect Donnie is not aware of this and is desperate to boost his popularity. It is an act of desperation not a policy.

bmichaelh

(811 posts)
16. He does not need an executive order
Sun May 11, 2025, 09:28 PM
May 11

His post is filled with lies.

The Democrats are not holding prices high but the Republicans.

House GOP was not in agreement with his executive order.

https://www.rawstory.com/trump-gop-disagree-on-drugs/

He does not need executive order; he has control of both House and Senate.

He can have a bill to lower prescription prices.

BTW, There is one thing the GOP or his executive orders will never do.

Remove the decision on approval of payment from insurers.

Sometimes they make a decision to not pay for potential life saving treatments.

Cheezoholic

(2,984 posts)
18. He's done and said several things this weekend that make me think the repukes know they are underwater in '26
Sun May 11, 2025, 09:37 PM
May 11

and they are using him to throw the tons of BS at the wall to save themselves. I also think he's worried if Dems can take both the House and Senate back. No Manchinola or Sinemax to save him this go around.

Journeyman

(15,333 posts)
19. Gotta get that jet off the front page . . .
Sun May 11, 2025, 09:39 PM
May 11

and what better way than cynically manipulating a hugely popular idea, one which can later be reversed and blamed on the influence of "the deep state" or the machinations of "the government" or "politics as usual."

Smackdown2019

(1,289 posts)
20. King Trump
Sun May 11, 2025, 10:10 PM
May 11

Trump needs to be reminded.... USA is a democracy, not a monarchy.

300 years ago, kings could set prices.

Today, Markets do... unless there is regulations....

Medicine is a necessity... but the developers dont work for free.

Reasonable affordable prices is the key and markets will set the consumer prices.....

Bluetus

(1,074 posts)
21. He might as well write an EO to declare every day will be sunny and fair weather
Sun May 11, 2025, 10:46 PM
May 11

Seriously, people report this bullshit as if it had some truth to it.

All the EC is, is a directive to people working in the Executive Branch of how they should go about the duties and authorities they have in law. An EO cannot change a law or set a new policy that is against the laws that already exist. An EO cannot tell a private citizen what to do. An EO cannot tell a company what to do. It is only an instruction to an EMPLOYEE of the Executive branch.

Why are these things so hard for the media to understand? And I'm not convinced most of the people in Congress understand it either.

NJCher

(40,182 posts)
40. in a recent interview
Mon May 12, 2025, 03:07 AM
May 12

Dahlia Lithwick of Slate (sr. editor) said the same. She came right out and said the media coverage of his "executive orders" was a disservice to the reading public.

Other terminology, too, but this was one of them.

Bluetus

(1,074 posts)
61. Part of it is Trump's insanity and ego
Mon May 12, 2025, 08:56 AM
May 12

But part of it is deliberate to distract.

We really have horrible major media. They are mostly enablers for Trump , even if they don't intend to be.

Tarzanrock

(898 posts)
22. I'm confused by the Turd's fallacious logic.
Sun May 11, 2025, 10:58 PM
May 11

If prescription drug prices are to be miraculously "lowered" by 30% to 80% because of the Turd's "executive order," -- then why would the same prescription drug prices "rise throughout the rest of the world in order to equalize?"


Bluetus

(1,074 posts)
24. This EO is completely meaningless. It has no legal authority at all. But for sake of argument
Sun May 11, 2025, 11:27 PM
May 11

if Congress passed a law saying that pharma companies cannot charge more for the same drugs than they charge on average in the UK, Canada, France, Germany, Spain, Australia, and Italy, then the companies would be motivated to try to raise prices in those other countries, in order to maintain current profit levels worldwide.

Trump is right that Americans are being ripped off, and once again, Trump is taking the initiative on a populist position while Dems come up with 1000 reasons why we can't do anything.

This kind of thing has to be passed in law, such as the Biden era law that allowed Medicare to "negotiate" (not demand MFN pricing) with drug companies, but only for 10 specific drugs. Nobody seems to care about the laws or the Constitution anymore, so hell, let's wish Trump good luck with this one. Of course, it is far more likely that this is just another shakedown. Once big Pharma gives him $100M in bribes, he'll drop the whole thing. But that's legal because clearly that is an official act -- a lot more official than leveling Gaza to build a bunch of Trump hotels.

Dems should be claiming these bold ideas and campaigning on them rather than hiding in the shadows all the time.

Tarzanrock

(898 posts)
23. Say there, Crackpot Turd, just how are we "saving" ...
Sun May 11, 2025, 11:06 PM
May 11

"TRILLIONS OF DOLLARS" when the prescription drug costs are nowhere near those "TRILLIONS OF DOLLARS" numbers you are lying about? Perhaps,
Dumbfuck Turd, you need a 4th grader to explain to you that $487 billion is nowhere near "TRILLIONS OF DOLLARS!"

In 2024, US prescription drug spending reached approximately $487 billion. This includes a net spending increase of 11.4% compared to the previous year. Additionally, out-of-pocket spending on prescription drugs reached $98 billion in 2024, a 25% cumulative increase over five years

Ol Janx Spirit

(229 posts)
25. That's easy: he did not say per year...or even per decade. In fact, he didn't give any timeframe.
Sun May 11, 2025, 11:30 PM
May 11

I can save a dollar per year on my family's cable bill and claim I saved them a trillion dollars. Sure, it will take a trillion years....

RockRaven

(17,295 posts)
26. I see this as a blame-shifting maneuver. He's going to say he did his part, and
Sun May 11, 2025, 11:35 PM
May 11

prices being as high as they are from here on out is the fault of the companies, Congress, the courts, other countries, everybody but him.

One, two, three, NOT IT!!!!!

James48

(4,831 posts)
28. An Exexcutive Order can't change prices.
Sun May 11, 2025, 11:42 PM
May 11

Why doesn’t somebody call him on it? He doesn’t have the legal basis to direct prices now.

When Nixon wanted price controls, it took legislation.
This is just another illegal move. Price setting is not a presidential power.
If it was, a Dem could simply Executive Order a tax on guns and raise the price of ammo until it as too expensive.

applegrove

(126,146 posts)
31. I find it so hard to make sense of the world Trump lives in.
Mon May 12, 2025, 12:01 AM
May 12

It just never makes any sense. Are drug prices going to rise or fall, he does not seem to know.

NJCher

(40,182 posts)
42. you might be interested in what the Canadian expert said
Mon May 12, 2025, 03:12 AM
May 12

which I wrote about in my first post on this thread.

You should have seen the faces of the U.S. execs when the Canadian expert told us all why U.S. drug prices are so high.




It was a choice moment, to put it mildly.

Tarzanrock

(898 posts)
32. Drug prices will continue to go up.
Mon May 12, 2025, 12:20 AM
May 12

In the pharmaceutical distribution system everyone takes their own vigorish from every pill which is dispensed. In matters where Medicare or Medicaid is involved these thieves really gouge the public spigot.

In the flow of payment from drug manufacturer to consumer, several parties receive compensation: drug manufacturers receive payment for selling drugs to wholesalers, who in turn sell to pharmacies, and ultimately, the consumer pays the pharmacy. Pharmacies, wholesalers, pharmacy benefit managers (PBMs), and insurers also receive payments or rebates from manufacturers or each other, impacting the final cost to the consumer.

Warpy

(113,434 posts)
33. Nice idea for generic drugs
Mon May 12, 2025, 12:31 AM
May 12

but companies are going to fight tooth and nail over the prices of drugs on patent.

In fact, I can think of several ridiculously overpriced generic crugs that companies will fight over.

I doubt this will work, although it's the first nice gesture he's made. The courts will probably tell him he's exceeded his authority. Again.

Tarzanrock

(898 posts)
34. If you think that you are being "ripped" off by the pharmaceutical industries and by the insurance industries ...
Mon May 12, 2025, 01:11 AM
May 12

... just wait until you see the inflated price of a "pill" which is dispensed in a hospital or in a nursing home or in an assisted living facility. You can factor the costs of that "pill" by about 3x to 5x or more -- on top of all the "costs" which are inccured in getting that "pill" to these "care" facilities before these "care" facilities put their vigorish on the pricing of that pill.

Akakoji

(310 posts)
36. Here come major drug shortages
Mon May 12, 2025, 01:49 AM
May 12

The first time this was tried regionally Pharma basically shut down transportation of drugs from New York to Maine. And, the price of all other drugs went up - especially the generics. Unless we target the 35 house reps considered most vulnerable to NOT renew Trumps tax cuts by gutting Medicaid, it won’t matter anyway. Every day for the next two to 3 weeks people! Get loud now. #handsoff

C Moon

(12,855 posts)
37. Yeah right. The gop (let alone maga) only do things to make themselves and their criminal friends money.
Mon May 12, 2025, 02:49 AM
May 12

Something is up trump's sleeve. And it's grimy, ugly and stinky.
It will rear it's head shortly.

FiveFifteen

(32 posts)
44. As useful as Michael Scott declaring bankruptcy.
Mon May 12, 2025, 05:45 AM
May 12

Trump trying to distract from his flying gold toilet bribe.

Botany

(74,232 posts)
45. Clueless
Mon May 12, 2025, 06:55 AM
May 12

Trump, Our prices won’t go down but other countries prices will go up. (He hopes)

China and India make 90 % of the world’s generic drugs Krasnov doesn’t
get to set other nations’ drug prices.

I wonder where “the grift” is in all this for Krasnov and big pharmaceutical?

JohnSJ

(98,750 posts)
47. If other countries drug prices go up, depending how high they go up, based on his proposal, our prices will be
Mon May 12, 2025, 07:01 AM
May 12

at least as high as those prices, and if he implements his tariffs on drugs in addition, there may not be any price reduction for us, and worldwide, all drug prices will effectively go up.

I don't think they know what the hell they are doing.


Botany

(74,232 posts)
48. Other nations make pharmaceuticals too and what those manufacturers and other nations
Mon May 12, 2025, 07:09 AM
May 12

charge for drugs is not under Krasnov’s control and China makes a hell of a lot
of precursors that are used in the making of drugs too.

JohnSJ

(98,750 posts)
50. Yes they do, and it is even more complicated because many of the U.S. pharmaceutical companies have partnerships or
Mon May 12, 2025, 07:17 AM
May 12

alliances with the foreign pharmaceuticals.

Botany

(74,232 posts)
60. One of the reasons our prescription drugs cost so much is that we (I think) are the only ...
Mon May 12, 2025, 08:32 AM
May 12

… Country in the World that allows for advertising of prescription drugs and the drug companies
get to write off those advertisements as business expenses.

BTW Trump is gonna drop his tariffs against China because they have all the leverage so as
owning so much of our debt.

He is clueless and is in way over his head.

JohnSJ

(98,750 posts)
46. First, this has to be approved by Congress. His executive order won't do diddly. Second, he has said he will be
Mon May 12, 2025, 06:57 AM
May 12

announcing tariffs on pharmaceuticals soon, so will those tariffs offset any supposed price reduction if congress approves this?

At the same time a likely result of this will be for pharmaceuticals to increase their drug prices overseas to keep their margins, and that will keep drug prices here above a certain minimum.

The unknown part is will this create drug shortages, and if so, shortages will cause price increases.

So the Republican Party through their president now wants price controls, but the way they are proposing it may actually increase prices.

It will be interesting to see what happens, but I think the potential for unintended consequences are huge, especially in regard to potential shortages, his promised tariffs on drugs, and if the prices go up on international drug prices, will that keep the drug prices here still high?

gab13by13

(28,255 posts)
51. Dems messaging is horrible
Mon May 12, 2025, 07:32 AM
May 12

Congressional Democrats need to take the stage today and let the people know that President Biden actually did lower the prices for prescription drugs which takes effect in 2026. President Biden got a bill passed and not an edict that carries no weight.

President Biden got a bill passed that will lower prescription drug prices for 10 common drugs for people on Medicare. Democrats need to point out that Congressional Magats were opposed to Biden's Bill.

What Krasnov is doing may jeopardize that bill.

bucolic_frolic

(50,502 posts)
52. Yes but now we have pharma without research b/c government funding is neutered.
Mon May 12, 2025, 07:33 AM
May 12

We don't even keep the jobs, those high-paying scientists and researchers are on the unemployment lines.

Other countries will grab our best if they can persuade them. Will private labs pickup the slack here? Is it a privatization plan all along?

Other countries will resist, and protest. We lose good will too. We no longer help the world, we fleece them. There went foreign policy.

gab13by13

(28,255 posts)
53. Saw this on Raw Story
Mon May 12, 2025, 07:45 AM
May 12

Former Republican lawmaker Barbara Comstock asked, "Can Trump sign an Executive Order lowering the exorbitant prices charged for membership and rooms at Mar-Lago, Doral and Bedminster that are so much more expensive than similar clubs and rooms and 'suckers' are getting ripped off paying these high prices to get access?"

k_buddy762

(263 posts)
56. More lip service
Mon May 12, 2025, 08:07 AM
May 12

As with all things Trump, watch his actions, not his words.

I can't believe anyone is still listening to him. What he says doesn't matter, what he DOES is the key.

everyonematters

(3,812 posts)
57. He doesn't have the authority to do it without congress. The companies will take him to court and win.
Mon May 12, 2025, 08:16 AM
May 12

If he did, Biden or Obama would have done it.

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