Trump signs wide-ranging executive order aimed at lowering prescription drugs
Trump signed an executive order Tuesday aimed at lowering healthcare and prescription drug costs.
The order included a directive to improve the program for Medicare to negotiate drug prices, plans to create a program to get better prices for the most expensive drugs, including insulin and directed the FDA to approve state importation programs and approvals for generic drugs.
According to a fact sheet about the order, the government is looking to "eclipse the 22% in savings achieved" by the first year of Medicaid's program to negotiate drug prices. The order also says that the government plans to align the payment with what hospitals pay for them, which the White House says is sometimes "35% lower than what the government" pays.
The order also aims to standardize Medicare costs of drugs regardless of care facility, which the White House says can lower prices by as much as 60%.
-ABC News' Michelle Stoddart







