President Donald Trump has told CEOs of the world’s leading pharmaceutical companies that he expects them to implement Most Favored Nation drug pricing within 60 days.
The president sent letters to 17 drug makers, including several headquartered overseas, announcing that he would “deploy every tool in our arsenal to protect American families from continued abusive drug pricing practices.”
Fulfilling a campaign promise, Trump issued the Most Favored Nation Prescription Drug Pricing executive order on May 12, asking drugmakers to offer their lowest price on a slate of drugs in the United States.
Prescription drug prices are higher in the United States than anywhere else in the world, more than twice as much on average, according to a 2024 report from the Department of Health and Human Services. For the most expensive medications, the disparity is even greater….