Trump to Sign Executive Order Slashing Prescription Drug Prices by Up to 80% [WATCH]

President Donald Trump announced Sunday that he will sign an executive order aimed at reducing prescription drug and pharmaceutical prices in the United States, with cuts expected to take effect almost immediately. The signing is scheduled to take place Monday morning at 9:00 a.m. at the White House.

The president made the announcement via a post on Truth Social, stating the forthcoming order will lower drug costs between 30% and 80%.

“For many years the World has wondered why Prescription Drugs and Pharmaceuticals in the United States States of America were SO MUCH HIGHER IN PRICE THAN THEY WERE IN ANY OTHER NATION, SOMETIMES BEING FIVE TO TEN TIMES MORE EXPENSIVE THAN THE SAME DRUG, MANUFACTURED IN THE EXACT SAME LABORATORY OR PLANT, BY THE SAME COMPANY???” Trump wrote.

Trump’s Sovereign Wealth Fund: What Could It Mean For Your Money?

He criticized pharmaceutical companies for citing research and development expenses as justification for high U.S. drug prices, calling the explanation inadequate.

“Campaign Contributions can do wonders, but not with me, and not with the Republican Party,” he added.

“We are going to do the right thing, something that the Democrats have fought for many years,” Trump said.

“Therefore, 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. Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%.”

This Could Be the Most Important Video Gun Owners Watch All Year

The president said the policy would bring “FAIRNESS TO AMERICA” and that drug prices would likely rise in other countries as a result.

As part of the new directive, Trump said the U.S. will implement a “Most Favored Nation’s Policy,” under which Americans will pay the same price for prescription drugs as the country that pays the lowest rate globally.

“Our Country will finally be treated fairly, and our citizens Healthcare Costs will be reduced by numbers never even thought of before,” Trump said.

“Additionally, on top of everything else, the United States will save TRILLIONS OF DOLLARS.”

BREAKING: President Donald Trump announces he will sign an Executive Order that will reduce Prescription Drug and Pharmaceutical prices. pic.twitter.com/gc83P0K9x1

— America (@america) May 11, 2025

This marks the second executive action taken by the administration in recent weeks to tackle drug costs.

In April, Trump signed an executive order standardizing Medicare payments for prescription drugs, regardless of where a patient receives care.

The White House stated at the time that the move could lower out-of-pocket costs for patients by as much as 60%.

According to a White House fact sheet, that earlier order also included a provision to align Medicare payments for certain drugs with the prices paid by hospitals, which can be up to 35% lower than what the federal government typically pays.

Additional components of the April order targeted high costs for insulin and epinephrine.

For low-income or uninsured patients, insulin prices could drop to as low as 3 cents per unit, while injectable epinephrine could be reduced to $15, both subject to a minor administrative fee.

The administration is also pushing to help states manage their own prescription drug costs.

The order promotes the expansion of drug importation programs and strengthens initiatives allowing states to secure discounted prices on treatments for conditions such as sickle cell disease through Medicaid.

The executive order requires the Department of Health and Human Services, led by Secretary Robert F. Kennedy Jr., to seek public comment on the Medicare Drug Price Negotiation Program.

This program, originally authorized by the Biden administration’s Inflation Reduction Act, allows Medicare to negotiate directly with pharmaceutical companies.

Prescription drug prices have risen sharply in recent years.

Between January 2022 and January 2023, prices increased by more than 15%, with the average cost per prescription reaching $590, according to data from the Department of Health and Human Services.

Nearly half of the 4,200 drugs tracked saw price hikes that outpaced inflation.

During his first term, Trump introduced a $35 insulin cap under Medicaid prescription drug plans.

The administration’s recent actions aim to build on that policy and continue efforts to reduce prescription drug costs nationwide.

Connect with Vetted Off-Duty Cops to Instantly Fulfill Your Security Needs