Unfortunately, we've been waiting for Congress to take action for many decades to reduce drug prices and I'm unwilling to wait any longer.
Therefore, today I'm signing four sweeping executive orders that will lead to a massive reduction in drug costs.
Massive reduction: The four orders that I'm signing today will completely restructure the prescription drug market, in terms of pricing.
👉 The FIRST order will require federal community health centers to pass the giant discounts they receive from drug companies on insulin and EpiPens directly to their patients.
👉 The SECOND executive order I'm signing this afternoon will allow states, wholesalers, and pharmacies to do something other politicians have promised for decades and decades but never done. We will finally allow the safe and *legal importation of prescription drugs from Canada and other
countries where the price for the identical drug is incredibly lower. It's a difference like you wouldn't believe — 70 %, 80 %, 90 %
👉The THIRD revolutionary order I'm signing today will prevent middlemen. The middleman that makes so much money. Frequently, drug companies give these middlemen discounts of up to 50 percent of the price of prescription drugs. But too often, those discounts are not passed on to
the pharmacy counter.
👉 The FOURTH and final order I'm signing today — this is the granddaddy of them all — will end global freeloading on the backs of American patients and American seniors. For decades, our citizens have paid the highest prices for drugs — prescription drugs — anywhere in the world, and it's not even close. Foreign nations have paid vastly less for the exact same drug — again, in the exact same box, from the exact same plant, from the exact same company. They would pay 10 percent, 20 percent, 30 percent what our people are paying. A pill that would sell for — for $1 in certain countries. I won't name them. They're all allies, right? They call them "allies." I call them "so-called allies." But a pill that would cost $1 could be $7, $8 in our country.
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