Trump to sign order aiming to slash US drug prices to match those abroad

‘Most favored nation’ plan, which will target pharmaceutical companies, to be put into effect next week

The White House is unveiling an aggressive drug pricing strategy targeting pharmaceutical companies, promising to dramatically cut prescription drug costs for American consumers.

Donald Trump condemned the current pricing system as a “redistribution” that has allowed drugmakers to exploit US patients, saying he will sign an executive order that would match lower drug prices abroad.

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