Headline: UNCAPTIONED: Trump Signs Executive Order to Slash Prescription Drug Costs
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Trump Signs Executive Order to Slash Prescription Drug Costs. President Donald Trump signed a new executive order on Monday, vowing to address "unreasonable" pricing practices by foreign countries that contribute to high prescription costs in the U.S. "We will no longer subsidize healthcare for other countries," Trump stated, claiming the order could reduce drug prices by up to 90%.The executive order requires drug manufacturers to offer U.S. patients the lowest price available in similar countries, or face serious consequences. If companies don't comply, the U.S. government may take action, including expanding drug imports and revising FDA drug approvals. Trump's new plan is broader than his previous efforts focused on Medicare, affecting all drugs and not just a select few. He also warned that higher tariffs could be imposed on countries like those in the European Union if they don't adjust their pricing. Although experts express concerns over potential shortages, the president is pushing forward to lower costs for American consumers.
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Keywords: Current affairs & Politics,Trump,executive order,prescription drug costs,foreign countries,unreasonable pricing,healthcare subsidies,90% reduction,drug manufacturers,lowest price,Most Favored Nation,consequences,drug imports,FDA approvals,Medicare,all drugs,European Union,tariffs,pricing pressure,drug shortages,American consumers.
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