President Trump announced a new order that is aimed at reducing prescription-drugs by 30-80%.
This is an awesome idea but before you get excited, keep in mind that President Trump tried to do this during his first term and Big Pharma sued to stop it, arguing that it would undermine profits and innovation. When President Biden took office, he rescinded the order altogether and the litigation stopped there.
What makes us think that they won’t do that again?
The White House is using the same method called MFN or most-favored-nation price, meaning that Americans should get the lowest cost of prescription medications instead of the highest, which is what they usually pay.
The White House is set to announce specifics of this new order on Monday. Perhaps they have found a way to prevent the courts from halting it.
