July 7, 2019

TRADE: Trump says ‘favored-nations clause’ on drug prices is on its way. “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. . . . The announcement comes less than two weeks after Trump signed an executive order to improve the transparency of healthcare costs. The order requires hospitals and insurance companies to tell patients their rates for medical services and what patients will be expected to pay out of pocket before undergoing treatment. Since his inauguration, Trump has made reducing prescription drug costs a priority of his administration.”

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