Washington D.C. – US President Donald Trump signed a presidential decree on Monday aimed at reducing prescription drug prices by between 30 and 80%.
“For the first time in many years, we are going to be reducing the price of prescription drugs and we are bringing fairness to America,” President Trump stated during a press briefing prior to the signing.
In a post on the Truth Social network on Sunday, Trump emphasized that medicines and pharmaceuticals in the United States were “far more expensive than in any other country, sometimes five to ten times higher.”
“We will no longer tolerate the excessive profits and abusive pricing of big pharmaceutical companies,” he asserted during Monday’s press briefing.
The US President, accompanied by Health Secretary Robert Kennedy, noted that for a long time, the United States had been “subsidizing other countries, including those in the European Union, and that will no longer be the case.”
In a statement released on the occasion, the White House indicated that the Department of Health is implementing a mechanism allowing American patients to purchase their medications “directly from manufacturers (…) while bypassing intermediaries.”
A 2024 study conducted by the think tank Rand Corporation revealed that Americans pay 2.78 times more for prescription drugs than 33 other nations.