Cindy Lupkin

The president signed an executive order instructing the administration to advance cost-cutting moves like increasing generic drug competition. The order also aims to improve Medicare drug price negotiation, which passed as part of the Inflation Reduction Act signed by President Biden in 2022. An official said he thinks the Trump administration can get more savings than the Biden administration.

The president signed an executive order instructing the administration to advance cost-cutting moves like increasing generic drug competition. The order also aims to improve Medicare drug price negotiation, which passed as part of the Inflation Reduction Act signed by President Biden in 2022. An official said he thinks the Trump administration can get more savings than the Biden administration.

Because the number of drugs subject to negotiation increases each year, greater savings over time were baked into the law. The order also instructs the FDA to facilitate state programs to import lower-cost drugs from Canada.

Because the number of drugs subject to negotiation increases each year, greater savings over time were baked into the law. The order also instructs the FDA to facilitate state programs to import lower-cost drugs from Canada.