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Presidential Order: Lowering Prescription Drug Costs

Admin
  • April 16, 2025
  • 1 min
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)

 

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