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Meanwhile, President Trump announced he plans to sign an executive order today
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that will reduce the cost of prescription drugs and pharmaceuticals. In a post on his Truth Social platform, he said the order will drop prices, quote
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almost immediately by 30 to 80 percent. The president says he plans to resurrect a policy from his first term to do it
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The most favored nation rule would reduce drug costs by basing payments for certain medicines
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on their prices in other countries and would apply to Medicare Part B payments for certain
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drugs administered in doctor's offices, not at home, though it did not specify which drugs
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The rule was finalized in late 2020, but was blocked by federal courts and rescinded by
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then-President Joe Biden in 2021. The directive also comes as the Trump administration is looking
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to impose tariffs on pharmaceutical imports, a move some worry could worsen shortages of certain
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drugs, particularly generic medicines, and possibly increased prices
