Posted on 05/14/2025 1:11:21 PM PDT by Jacquerie
Democrat Rep. Ro Khanna (D-CA) — yes, a Democrat — has just introduced legislation to codify President Donald Trump’s executive order slashing prescription drug prices.
President Donald Trump signed an executive order on Monday aimed at dramatically reducing prescription drug prices in the United States by aligning them with the lower prices paid in other developed nations.
On Sunday, President Donald Trump announced via Truth Social his intention to sign an executive order aimed at reducing prescription drug prices in the United States by 30% to 80%.
He described this initiative as “one of the most consequential Executive Orders in our Country’s history.”
Will Congress members stand with $16 billion in Big Pharma money, or with the American people by co-sponsoring this bipartisan legislation?” Khanna wrote.
Where is the GOP? Where are the so-called “leaders” who claim to fight for the American people? Americans overwhelmingly voted for President Donald Trump and his agenda.
Unfortunately, this means nothing to the US GOP-controlled House and US GOP-controlled Senate.
(Excerpt) Read more at thegatewaypundit.com ...
Sometimes, it takes the right kind of Democrat to do the jobs RINOs refuse to do.
Khanna will be running for President in 2028. This will be on his resume.
Republican leadership
Talk about an oxymoron.
I’ve had it with RINO’s in the Republican Party. The Demons are not the only thing President Trump has to worry about.......grrrrr
Ro Khanna - interesting ‘rat.
yes
There are definitely two edges on this sword.
Detractors of the plan cite that fact that drug development, testing, and bringing to market are expensive. Add in the fact that maybe 1 in 5 or 10 drugs makes it to market, the pharmaceutical companies need a way to make a profit in order to continue developing new drugs.
Proponents of the plan say that America is subsidizing the whole world when it comes to new drug development. This is somewhat true, but again the balance must be struck to protect private pharma interests while not shafting the American public.
If the drug prices in other developed countries go to high, the countries will decide that US drug patents are not enforceable in their country, thus aggravating the matter.
It may be necessary to have the US commit to agressive patent enforcement, with sanctions on countries that violate them. (China will have a very special shafting coming if that aggressive enforcement is not limited to drug patents).
It may be protectionist, but I think aggressive enforcement of drug patents by the US government may be a necessary piece of this. Unfortunately, that makes it a political question, which carries too many risks of its own.
Just my $.02.
Pathetic. It takes a democrat to do what the GOP Speaker and House majority leader are too corrupt/cowardly to do.
I'm not for mandated price ceilings. So if the EO is a flat rule outlawing drug companies from charging Americans more than they charge in other countries, I'm not a fan.
But I'm for cutting govt spending. So if the text of the EO says that Medicare and Medicaid will no longer pay more for the drug that the drug costs in other countries, then I'm a big fan. That wouldn't be Trump interfering with the free market. That would be Trump modifying correctly the distortion the govt already does to the free market so that the govt quits distorting it as much as the govt has been doing.
“Most favored nation” (MFN) pricing means that Americans should pay the lowest price that any country pays for drugs. In other words, under an MFN pricing model, Americans would pay no more for a drug than the lowest price that drug is sold for in any other developed country (like Germany, France, or Canada). If a pharmaceutical company sells a cancer drug in France for $80 a dose and charges $400 in the U.S., this policy demands the $80 price for Americans, too.
The most creative part of the order was Section 4, which directed HHS to explore a “direct to consumer” model for domestic drug sales. Instead of going through a pharmacy benefit manager (PBM), insurance company, or even local CVS pharmacies, patients would log into a government-approved portal or a manufacturer website and order their medication directly— like buying sneakers directly from Nike instead of at the mall.
Trump’s executive order dared them to put their drugs where their big fat mouths are: if drugmakers really can offer the lowest global prices when there’s no insurance bureaucracy in the way, then do it— right to the consumer. It actually drops the hammer on both sides of the supply chain. Pharma can now prove it’s not the price-gouger, while middlemen are put on notice: cooperate with MFN pricing, or get completely cut out of the deal.
If that doesn’t work, then the sledgehammer could fall. “The HHS Secretary shall propose a rulemaking plan to impose most-favored-nation pricing,” the order said. It also directed HHS and the FDA to start fast-tracking waivers allowing Americans to buy drugs from overseas suppliers. In other words, it told Big Pharma: Either sell at MFN prices voluntarily, or we’ll let Americans buy your drugs directly from other countries at those prices anyway.
In a major escalation from his drug price-lowering policies from Trump 1.0, the order also directed the DOJ to pursue antitrust prosecution against anyone —drugmakers, PBMs, or even foreign governments—who interfere with MFN pricing or direct-to-consumer programs.
and deserving so, he basically embarrassed the GOP, who have had power for months and done NOTHING with it, try at least to get this codified
KICK OUT THE RINOS!
Mike Johnson and John Thune are utter and complete failures.
Sorry. Busy. Planning the next vacation.
Everyone FORGETS the biggest contributor to the price of drugs. Third party pay. It represents a non-contributory arm of the cost structure and acts as a curtain hiding the true cost of healthcare from the patient. Our healthcare should be provided by doctors and nurses with as few in-between as possible. Insurance provides a target rich environment for lawyers bringing with it numerous other folks who work for the doctor and for the lawyer keeping paperwork straight. Let’s fire them all and get back to the doctor and his nurse again.
Drug prices are a real problem, but this is a dumb solution.
Punish the countries that are taking the drugs at low prices. I’m not a pharma fan, and there are other areas where they need a kick in the ass, but Most Favored Nation pricing is punishing the victim, and rewarding the thief.
See post #12.
Many politicians are shills for Big Pharma.
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