Posted by Michael Wonder on 17 Sep 2020
Trump’s ‘most favored nation’ executive order on drug prices is a scam for seniors
16 September 2020 - The White House announced a most favoured nations executive order on Sunday, its latest attempt to lower prescription drug costs in the U.S.
The new policy, which relies on international price competition, promises to provide Americans with “the same low prices” for prescription medications available in other countries.
But the policy is founded on incorrect assumptions about how other countries would respond, where seniors’ high out-of-pocket costs really come from, and what it would mean for the U.S. to adopt cost-effectiveness standards used by foreign governments.
