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Trump acts to cut prescription drug prices in United States

Byindianadmin

Jul 25, 2020
Trump acts to cut prescription drug prices in United States

US President Donald Trump shows one of the four executive orders he signed to lower prescription drug prices in the US. Photo: 24 July 2020 Image copyright
EPA

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Donald Trump stated he wanted to “completely restructure the prescription drug market”.

President Donald Trump has actually signed four executive orders aimed at cutting prescription drug prices in the US.

” The 4 orders I’m signing today will completely reorganize the prescription drug market,” said Mr Trump, who has actually long criticised “astronomical” prices.

The procedures would permit discount rates and import of less expensive drugs from abroad.

Mr Trump will meet pharmaceutical employers on Tuesday, but some industry experts have actually criticised the move, saying it would not have much result.

” This administration has decided to pursue an extreme and dangerous policy to set prices based on rates paid in nations that he [President Trump] has actually identified as socialist, which will harm clients today and into the future,

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