Washington: US President Donald Trump today signed a comprehensive executive order, under which pharmaceutical companies have been given a 30 -day deadline to reduce drug prices in the US. If this order is not implemented, a new limit will be imposed on the amount given to the government.
This order was Robert F. Kennedy instructs the Health Department headed by Junior to determine new prices of drugs.
This order was Robert F. Kennedy directs the Health Department headed by Junior to determine new prices of medicines. If no agreement is reached, a new rule will be applicable, which will make the price paid by the United States for drugs to the lower price paid by other countries.
Trump said during a press conference on Monday morning, “We are going to equalize.” We all have to pay the same amount. We will pay the same price that Europe pays.
It is not clear what effect the American President’s executive order will have on millions of Americans who have private health insurance.
The federal government has the highest power to determine the price paid for medicines covered by Medicare and Medicade.
The federal government spends billions of dollars on medicines, injections, blood transfusions and other medicines per year through Medicare. Which includes about 70 million elderly Americans. While Medicade covers about 80 million poor and disabled people in the US.
