Watch live: Trump signs three executive orders intended to lower drug prices

0
727
Watch live: Trump signs three executive orders intended to lower drug prices

[The stream is slated to start at 3 p.m. ET. Please refresh the page if you do not see a player above at that time.]

reported, a proposal the White House introduced last year that received intense criticism from drug companies.

Another would tie the prices of some drugs to the lower prices paid in other countries, a proposal regarded as an international pricing index, according to the Post. This proposal would attempt to guarantee that the United States doesn’t pay more for drugs than other countries do.

And while Trump is expected to sign these executive orders, the regulatory process itself could take months and might bleed into November, when voters choose whether to elect Trump for a second term.

Prescription drug prices have long been a concern for many Americans, one that comes as Democrats and Republicans clash over the issue of health care. The Trump administration has spoken about and made moves to roll back the Affordable Care Act, health-care reform signed into law by former President Barack Obama.

The executive orders also come at a time when the administration is infusing billions of dollars into the pharmaceutical industry to push out a vaccine to treat the coronavirus.

The coronavirus outbreak has spread worldwide, with more than 15.3 million confirmed cases and over 625,000 deaths, according to data from Johns Hopkins University. The U.S. has had more than 3.9 million cases and at least 143,466 deaths, according to the latest tallies, more than any other country.

Subscribe to CNBC on YouTube.

CNBC NEWSLETTERS

Get the best of CNBC in your inbox

Please choose a subscription

Make It

A daily email for dreamers, seekers and game changers.

Breaking News

CNBC’s latest news headlines

Morning Squawk

Daily before the bell news roundup

Evening Brief

Daily recap of the day’s top headlines

Guest Alerts

Guest information & reminders for your calendar

Your Wealth

Weekly advice on managing your money

Options Action

Insight from the Options Action panel

Your Money Your Vote

Everything you need to know about the coming election


Please enter a valid email address

Get these newsletters delivered to your inbox, and more info about our products and service. Privacy Policy.

Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here