It's been two weeks since Trump signed an executive order on drug pricing — but its text still hasn't been released. That makes it hard for drug companies to follow. Some say they zoomed in on a photo of him holding the order to try to see what was in it.
Alex Brandon/AP
It was the fourth order he signed that day. Language for the other three was posted online quickly and published in the. But this order remains something of a mystery. The basic idea is that in other countries, prescription drugs cost less than they do in the United States. So under Trump's plan, for drugs administered in a doctor's office or hospital setting, Medicare would start paying the lowest price in the world. He calls it"favored nations" pricing.
"Usually if a president is going to issue an executive order the president wants the people who are supposed to abide by the executive order to know what they're supposed to do, and you can't really know what you're supposed to do if they don't tell you," Grove said. Reilly said the industry would be willing to talk about other ways of bringing down drug prices, but this proposal, as it's understood, is a nonstarter.
The lack of urgency may come from experience. Trump has been talking about variations on this idea for nearly two years. He rolled out something called an""This is a revolutionary change," Trump said at the time."Nobody's had the courage to do it, or they just didn't want to do it."
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