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

Published: July 23, 2020 4:04pm

Updated: July 23, 2020 4:52pm

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.