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Donald Trump says ‘favored-nations clause’ on drug prices is on its way | UPI

July 5 (UPI) — President Donald Trump on Friday said his administration intends to announce a plan to decrease prescription drug costs based on the lowest price other countries pay.

He called it a “favored-nations clause.”

“As you know, for years and years, other nations paid less for drugs than we do,” he told reporters gathered on the South Lawn of the White House. “We’re working on it right now, we’re working on a favored nations clause, where we pay whatever the lowest nation’s price is.”

Trump said he will sign an executive order to implement the plan.

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Donald Trump says ‘favored-nations clause’ on drug prices is on its way.

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