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Presidential Arm Twisting: Drug Pricing Order Would Advance International Benchmarks Unless Industry Offers Alternative

 
• By Cathy Kelly

Industry has 30 days to come up with a better idea that would “end foreign free riding” and close the gap between drug prices in the US and abroad, President Trump says. Administration also wants to revive rebate reform.

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Order Aims To Pressure Industry Into Response

President Trump unveiled four executive orders on drug pricing 24 July, including a directive to advance international reference pricing for lowering Medicare Part B drug costs unless industry offers an alternative solution in the next 30 days to “end foreign free-riding.”

The orders were announced to bolster the Administration’s record on lowering drug pricing as the presidential election approaches

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