President Trump on Friday signed four separate executive orders aimed at lowering the cost of prescription drugs in the United States.
Trump said that through his administration's new orders "everyone will get a fairer and much lower price" for their prescription drugs.
"The four orders I'm signing today will completely restructure the prescription drug market in terms of pricing and everything else to make these medications affordable and accessible for all Americans," Trump said at the White House. "Under my administration, we're standing up to the lobbyists and special interests and fighting back against a rigged system."
Trump's four executive drug orders:
- First order: Require federal health centers to pass discounts they have traditional received on insulin and EpiPens directly to patients.
- Second order: Allow the U.S. to import drugs from Canada and other countries.
- Third order: Require pharmaceutical "middlemen" to pass on their "gigantic discounts" from drug manufacturers to their customers.
- Fourth order: Allow Medicare to purchase drugs at the same price as other countries.
Trump said the fourth order may not be required if drug companies develop a workable plan for lowering drug prices prior to a Aug. 24 deadline.
Negotiations between administration officials and executives for America's drug companies are reportedly scheduled to begin on Tuesday at the White House.