Overview

• President Trump signed an executive order mandating that Medicare and Medicaid pay no more for drugs than the lowest prices in developed countries.
• The Health and Human Services has been tasked with proposing rules to enforce most-favored-nation pricing for federal drug reimbursements.
• Trump used an anecdote about a friend paying $88 for a weight-loss injection in London versus $1,300 in New York to highlight U.S. pharmaceutical price disparities.
• The administration claims the reforms could reduce drug costs by up to 90% and plans to investigate foreign nations and pharmaceutical companies for anticompetitive practices.
• Social media speculated that the unnamed friend in Trump's anecdote might be Elon Musk, though his identity remains unconfirmed.