Trump signs the executive order that aims to reduce medicine prices for Americans

president Donald Trump It was announced on Monday that the United States “will not tolerate the benefit and prices roaming from the Big Pharma”, as it signed an executive order that implements what it calls “the most preferred drug prices for nations.”

“The principle is simple – no matter how lowly paid for a property in other developed countries, and this is the price that the Americans will pay,” Trump said at the White House. “Some prices of drugs and pharmaceutical preparations will be reduced immediately by 50 to 80 to 90 %.”

Trump said, “Starting today, the United States will not support health care From foreign countries, which we were doing. We support health care for others, the countries in which they paid a small part of the same medicine that we often pay, and no longer tolerate the supply and pricing of large drugs. ”

“Although the United States is home to only 4 % of the world’s population, pharmaceutical companies make more than two thirds of their profits in America. So think about it with 4 % of the population, pharmaceutical companies earn most of their money. Most of their profits are from America. This is not a good thing,” Trump continued.

Trump says he will cut drug prices by an executive order

“I think, by the way, medicines – I have great respect for these companies and for the people who run them. I really do it, and I think they have done one of the greatest jobs in history for their company, and to convince people for many years that this is a fair system. He said.” Not anymore, they do not. ”

the The White House said The executive order is directed “the American commercial representative and the Minister of Commerce to take measures to ensure that foreign countries do not participate in practices that undermine market prices in an unfair way and increase prices in the United States.

The White House said: “The matter guides the administration to connect the price goals to the drug manufacturers to demonstrate that America, the largest buyer and enjoyable for the medication prescribed in the world, gets the best deal,” the White House said.

The White House added: “The Minister of Health and Humanitarian Services will create a mechanism through which American patients can buy their drugs directly from manufacturers who sell to Americans at a” more clear “price, bypassing mediators. “If the drug manufacturers fail to provide prices most preferred, the matter directs the Minister of Health and Humanitarian Services to: (1) It proposes rules that impose more important prices; and (2) take other aggressive measures to reduce the cost of medicines prescribed to the American consumer significantly and finishes anti -specifications.”

Robert F. Kennedy Junior, “I never thought this would happen in my life,” said US Secretary of Health and Humanitarian Services, along with Trump.

“I have two Democrats, Berne Sanders’ adult lovers. When I told them that this would happen, they had tears in their eyes. Because they thought, this will never happen,” he said. “We finally have a president ready to defend the American people.”

Meha Saucus member listening to “corruption” for the public health sector “seized by Big Pharma” seized by Big Pharma

Trump said earlier this morning that drug prices “will reduce 59 %.”

The Pharmaceutical Research Group and Manufacturers in America (PHRMA) opposes the matter, saying: “This foreign pricing plan is a bad deal for American patients.”

“Import foreign prices will reduce billions of dollars from Medicare without any guarantee that it helps patients or improves their access to medicines,” said Stephen Opel, the group’s president, in a statement presented to Fox News Digital. “This will put up hundreds of billions that our member companies are planning to invest in America, making us more dependent on China for innovative drugs.”

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UBL also said: “To reduce the costs of Americans, we need to address the real causes of patients who pay more for their drugs. We are the only country in the world that allows PBMS, insurance companies and hospitals taking 50 % of each dollar spending on medicines.” “In fact, hospital marks often exceed 340b, discounts and fees paid to the United States, the total cost of drugs. Giving more of these funds to patients reduces their drug costs and lowering the gap with European prices.”

Greg Wehner from Fox News Digital contributed to this report.