Trump promises to order that the US pay only the price other nations do for some drugs

WASHINGTON: President Donald Trump says he'll motion an enforcement bid connected Monday that, if implemented, could bring down the costs of immoderate medications - reviving a failed effort from his archetypal word connected an contented he's talked up since adjacent earlier becoming president.

The bid Trump is promising volition nonstop the Department of Health and Human Services to necktie what Medicare pays for medications administrated successful a doctor's bureau to the lowest terms paid by different countries.

"I volition beryllium instituting a MOST FAVORED NATION'S POLICY whereby the United States volition wage the aforesaid terms arsenic the Nation that pays the lowest terms anyplace successful the World," the president posted Sunday connected his societal media site, pledging to motion the bid connected Monday greeting astatine the White House.

"Our Country volition yet beryllium treated fairly, and our citizens Healthcare Costs volition beryllium reduced by numbers ne'er adjacent thought of before," Trump added.

His connection would apt lone interaction definite drugs covered by Medicare and fixed successful an bureau - deliberation infusions that dainty cancer, and different injectables. But it could perchance bring important savings to the government, though the "TRILLIONS OF DOLLARS" Trump boasted astir successful his station whitethorn beryllium an exaggeration.

Medicare provides wellness security for astir 70 cardinal older Americans. Complaints astir U.S. cause prices being notoriously high, adjacent erstwhile compared with different ample and affluent countries, person agelong drawn the ire of some parties, but a lasting hole has ne'er cleared Congress.

Under the planned order, the national authorities would necktie what it pays pharmaceutical companies for those drugs to the terms paid by a radical of other, economically precocious countries - the alleged "most favored nation" approach.

The connection volition look fierce absorption from the pharmaceutical industry.

It was a regularisation that Trump tried to follow during his archetypal term, but could ne'er get through. He signed a akin enforcement bid successful the last weeks of his presidency, but a tribunal bid aboriginal blocked the regularisation from going into effect nether the Biden administration.

The pharmaceutical manufacture argued that Trump's 2020 effort would springiness overseas governments the "upper hand" successful deciding the worth of medicines successful the U.S.. The manufacture has agelong argued that forcing little prices volition wounded profits, and yet impact innovation and its efforts to make caller medicines.

Only drugs connected Medicare Part B - the security for doctor's bureau visits - are apt to beryllium covered nether the plan. Medicare beneficiaries are liable for picking up immoderate of the costs to get those medications during doctor's visits, and for accepted Medicare enrollees determination is nary yearly out-of-pocket headdress connected what they pay.

A study by the Trump medication during its archetypal word recovered that the U.S. spends doubly arsenic overmuch arsenic immoderate different countries successful covering those drugs. Medicare Part B cause spending topped $33 cardinal successful 2021.

More communal medicine drugs filled astatine a pharmacy would astir apt not beryllium covered by the caller order.

Trump's station formally previewing the enactment came aft helium teased a "very large announcement" past week. He gave nary details, but to enactment that it wasn't related to commercialized oregon the tariffs helium has announced imposing connected overmuch of the world.

"We're going to person a very, precise large announcement to marque - similar arsenic large arsenic it gets," Trump said past week.

He came into his archetypal word accusing pharmaceutical companies of "getting distant with murder" and complaining that different countries whose governments acceptable cause prices were taking vantage of Americans.

On Sunday, Trump took purpose astatine the manufacture again, penning that the "Pharmaceutical/Drug Companies would say, for years, that it was Research and Development Costs, and that each of these costs were, and would be, for nary crushed whatsoever, borne by the 'suckers' of America, ALONE."

Referring to cause companies' almighty lobbying efforts, helium said that run contributions "can bash wonders, but not with me, and not with the Republican Party."

"We are going to bash the close thing," helium wrote.