US President Donald Trump issued an order on Monday. In this, pharmaceutical companies have been asked to reduce the prices of prescription drugs within 30 days (Trump drug price cut order). Officials led by US Health Minister Robert Kennedy Jr. will talk to companies to fix new prices of various medicines within the next month.

If consensus is not reached between the Health Ministry and the pharmaceutical companies, then, in such a situation, Trump has asked Kennedy to make a new rule on prices. That rule will be such that the price of a drug in America will be equal to the lowest price of that drug in other countries.

The reason behind the order to reduce prices is shocking.

Generally, governments take such decisions based on a study report. The decisions taken by Trump regarding tariffs were also studied first. But you will be surprised to know the reason behind the order to reduce the prices of medicines.

In the press conference, Trump himself said that his decision to reduce the prices of medicines is based, to some extent, on a conversation with one of his business friends. That friend of Trump takes medicine to reduce obesity. Trump said, "My friend called me. He told me that I am in London. I bought that medicine for 88 dollars. In New York, I used to buy this medicine for 1300 dollars. The medicine available at both places is made in the same plant of the same company. The medicine box is also the same." Trump did not reveal the name of his friend or the medicine.

The threat of imposing a tariff also

Trump said that we will pay the same price for the medicine as in Europe. He said that the price of medicines should be reduced by 59% to 90% (90% medicine price cut in the US). Not only this, but if the price of medicines in America does not become equal to other countries, then a tariff will be imposed on the companies.

Trump said that America pays the highest price for prescription drugs. Compared to other developed countries, their price here is three times that on average. Trump had also tried to reduce the price of medicines during his first term, but it could not be implemented due to a court order.

Companies said, this will affect research.
The pharma lobby of America is not happy with this order from Trump. It says (US pharma industry impact) that this is a bad deal for American patients. Pharmaceutical companies have been saying for a long time that if their profits are reduced, then their research to make new medicines will be affected. They also say that this order will affect the proposal of investment of billions of dollars by pharmaceutical companies in America.

Trump has also adopted the formula of 'Most Favorite Nation' in fixing the price of medicines. According to this, the lowest price of a medicine in the rest of the world will be applicable in America as well. This formula of his has remained controversial since his first term.

In the last days of his first term, he had issued a similar executive order, in which it was said about some medicines, including injectable or cancer medicine, that their prices in America will be the same as in other countries. After that, when Joe Biden of the Democratic Party became the President, the court had put a stay on that order.

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