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FROM THE ARTICLE:
Order Takes Aim at Lowering Prescription Drug Costs.
AARP also calls on Congress to protect and strengthen Medicareโs ability to negotiate lower drug prices for millions of older Americans.
By Rachel Nania, AARP.
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Published May 13, 2025.
President Trump on Monday signed an executive order that aims to cut Americansโ prescription drug costs by bringing the price the U.S. pays for its medications in line with comparable developed nations.
The order directs the U.S. Department of Health and Human Services (HHS) to communicate most-favored-nation price targets to pharmaceutical companies in the next 30 days. If manufacturers do not make significant progress toward these targets, additional steps could be taken, though many questions remain on how the plan will work, specifically, and when Americans could expect to see any potential savings. The order also intends to ensure that other countries are not engaged in practices that help drive higher prescription drug prices in the U.S.
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