President Donald Trump revealed that he would be signing an executive order on Monday reducing the cost of prescription and pharmaceutical drugs by 30 to 80 percent.
In a post on Truth Social, Trump pointed out that “for many years the World has wondered why” prescription and pharmaceutical drugs are so much more expensive in the U.S. than they are “in any other nation,” adding that sometimes they are “five to ten times more expensive than the same drug, manufactured in the exact same laboratory or plant, by the same company.”
Trump also criticized the pharmaceutical and drug companies and the Democratic Party in his post.
“The Pharmaceutical/Drug Companies would say, for years, that it was Research and Development Costs, and that all of these costs were, and would be, for no reason whatsoever, borne by the ‘suckers’ of America, ALONE,” Trump said. “Campaign Contributions can do wonders, but not with me, and not with the Republican Party. We are going to do the right thing, something that the Democrats have fought for many years.”
“I am pleased to announce that Tomorrow morning, in the White House, at 9:00 A.M., I will be signing one of the most consequential Executive Orders in our Country’s history,” Trump said. “Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%.”
