Trump Promises To Order That The Us Pay Only The Price Other Nations Do For Some Drugs

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trump promises to order that the us pay only the price other nations do for some drugs

President Donald Trump says he'll sign an executive order on Monday that, if implemented, could bring down the costs of some medications - reviving a failed effort from his first term on an issue he's talked up since even before becoming president.

The order Trump is promising will direct the Department of Health and Human Services to tie what Medicare pays for medications administrated in a doctor's office to the lowest price paid by other countries.

"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," the president posted Sunday on his social media site, pledging to sign the order on Monday morning at the White House.

"Our Country will finally be treated fairly, and our citizens Healthcare Costs will be reduced by numbers never even thought of before," Trump added.

His proposal would likely only impact certain drugs covered by Medicare and given in an office - think infusions that treat cancer, and other injectables. But it could potentially bring significant savings to the government, although the "TRILLIONS OF DOLLARS" Trump boasted about in his post may be an exaggeration.