President Donald Trump has taken a powerful step to deliver long-overdue relief to American patients, signing an executive order that will slash the cost of prescription drugs in the United States. The order enforces a “Most Favored Nation” pricing policy—ensuring that Americans will never again pay more for lifesaving medications than what other developed nations pay.
For decades, Americans have footed the bill while countries in Europe and elsewhere reaped the benefits of U.S. innovation. Trump’s new policy turns that dynamic on its head by demanding global cost-sharing. Under this executive order, the U.S. will only pay the lowest price charged to any developed nation, forcing Big Pharma to stop gouging Americans while cutting sweetheart deals overseas.
The move is expected to reduce drug prices in the U.S. by as much as 30% to 80%, especially for seniors and those with chronic conditions. The Trump administration also made clear that this order will cut out the corrupt middlemen—pharmacy benefit managers and insurers—who have profited off the backs of patients for years.
Health and Human Services Secretary Robert F. Kennedy Jr. strongly backed the initiative, stating that it’s time the rest of the world stopped freeloading off American taxpayers. Even a modest increase in prices abroad, he noted, could translate to dramatic savings at home.
White House Press Secretary Karoline Leavitt slammed past administrations for merely talking about drug pricing reform while letting the pharmaceutical lobby call the shots. In contrast, she said, President Trump is taking real action and standing up to entrenched interests.
The pharmaceutical industry reacted with predictable panic. Stock prices for major drug companies dipped following the announcement, as investors realized the days of exploiting American patients with inflated prices may be coming to an end.
This executive order is a cornerstone of Trump’s broader push to restore fairness and transparency to the healthcare system. It reinforces his unwavering commitment to putting America First—whether in trade, defense, or healthcare. No longer will U.S. citizens be subsidizing lower drug prices for the rest of the world.
President Trump’s message to global elites was crystal clear: The American people are done being taken advantage of. It’s time the rest of the world pays its fair share.