Trump likely to sign executive order to lower prescription drug costs in U.S.

The high costs of drugs in the U.S. has been a key election year issue for several cycles

Updated: July 23, 2020 - 4:52pm

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President Trump is reportedly set to sign an executive order Friday to reduce prescription-drug costs.

The president’s election-year effort was first reported by The Hill newspaper, which obtained an invitation sent to some GOP lawmakers for a 3 p.m. White House event on drug pricing. 

The exact details of the executive order remain unclear. But sources told the newspaper that it could include a version of an existing proposal to lower the price of some U.S. drugs by connecting them to lower prices paid in other countries.

 

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