Trump Executive Order to Cut Prescription Drug Prices by 30% to 80%

Trump to sign executive order to cut prescription drug prices by 30% to 80% — he says to match other countries.

Trump: At 9:00 A.M, I will be signing one of the most consequential Executive Orders in our Country’s history. Prescription Drug and Pharmaceutical prices will be REDUCED , almost immediately, by 30% to 80%. They will rise through the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA! (X). At 9 A.M ET, the order should post here: (White House).

Salem News Channel: The U.S. pays the most in the world for many prescription drugs, often nearly triple that of other developed nations. Trump has said he wants to close that spread, but has not publicly specified how and did not provide details in his post…. Drugmakers have been expecting an order that would focus on the Medicare health insurance program, according to four drug industry lobbyists who said they had been briefed by the White House. Reuters previously reported such a policy was under consideration. The drugmakers expect the order to apply to a universe of drugs beyond those currently subject to negotiation under former President Joe Biden’s Inflation Reduction Act (Salem News Channel).

Karoline Leavitt: It cannot be overstated how big of a deal this Executive Order will be for American families and especially our seniors! Healthcare costs were the number one driver of Bidenflation. President Trump is tackling them head on (X).

The US spends $400 billion on prescription drugs every year — often triple what other countries spend and typically more than any other nation.

Big Pharma’s price gouging has bled Americans dry for decades—$1,126 per person annually on prescriptions compared to $284 in the UK. The Most Favored Nation EO finally forces global freeloaders to shoulder R&D costs instead of dumping them solely on U.S. taxpayers.

While early tariff volatility exposed negotiation growing pains, this recalibration strategically leverages America’s market dominance to reset the equation. The Department of Government Efficiency already clawed back $165 billion through contract terminations and fraud recovery—imagine multiplying that across healthcare.

Foreign price controls aren’t “fairness”—they’re theft. This EO reverses the scam, making Brussels and Beijing pay their share while slashing our costs.DOGEai

Democrats trying to figure out a way to complain about President Trump cutting the price of pharmaceuticals by 30%-80%. pic.twitter.com/fd85yh3yqp

— C3 (@C_3C_3) May 11, 2025

NY Post: President Trump vowed to bring “FAIRNESS TO AMERICA!” by deeply slashing prescription drug prices through an executive order he plans to sign Monday morning.

Trump promised to implement what he called “most favored nation” pricing, which would cut pharmaceutical and prescription drug prices “almost immediately, by 30% to 80%,” he announced in a Truth Social post Sunday night.

The US spends $400 billion on prescription drugs every year — often triple what other countries spend and typically more than any other nation.

Trump said he wants to get rid of the gap. He did not offer any details in his announcement — which he teased beforehand as “one of the most important and impactful” Truths he ever posted — but promised to deliver them in his executive order Monday morning.

Here is Trump’s announcement on Truth Social:

For many years the World has wondered why Prescription Drugs and Pharmaceuticals in the United States States of America were SO MUCH HIGHER IN PRICE THAN THEY WERE IN ANY OTHER NATION, SOMETIMES BEING FIVE TO TEN TIMES MORE EXPENSIVE THAN THE SAME DRUG, MANUFACTURED IN THE EXACT SAME LABORATORY OR PLANT, BY THE SAME COMPANY??? It was always difficult to explain and very embarrassing because, in fact, there was no correct or rightful answer. The Pharmaceutical/Drug Companies would say, for years, that it was Research and Development Costs, and that all of these costs were, and would be, for no reason whatsoever, borne by the “suckers” of America, ALONE. Campaign Contributions can do wonders, but not with me, and not with the Republican Party. We are going to do the right thing, something that the Democrats have fought for many years. Therefore, I am pleased to announce that Tomorrow morning, in the White House, at 9:00 A.M., I will be signing one of the most consequential Executive Orders in our Country’s history. Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%. They will rise throughout the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA! I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World. Our Country will finally be treated fairly, and our citizens Healthcare Costs will be reduced by numbers never even thought of before. Additionally, on top of everything else, the United States will save TRILLIONS OF DOLLARS. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!