Presidential Order: Lowering Prescription Drug Costs

On April 15, 2025, President Trump signed an executive order aimed at reducing prescription drug prices.   

Prescription Drug Price Executive Order – Key Points

• Restore policies to lower drug prices from Trump’s first term
• Improve Medicare price negotiations and focus on expensive drugs
• Cap insulin and epinephrine costs for low-income/uninsured patients
• Allow easier importation of cheaper prescription drugs from abroad
• Speed up approval of generics and over-the-counter drugs
• Increase transparency on pharmacy benefit manager (PBM) fees
• Reform Medicaid payments to tie drug costs to actual value
• Stop overuse of expensive hospital settings for drug administration
• Crack down on anti-competitive practices by drug manufacturers
• Ensure fair treatment of all drug types (e.g., pills vs. biologics)