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Rep. Ro Khanna (D-CA) said he supports President Trump’s efforts to ensure Americans don’t pay more for prescription drugs and pharmaceuticals than other countries.
Khanna said he would introduce Trump’s executive order “exactly as written” in Congress.
“I support @realDonaldTrump effort to ensure Americans do not pay more for drugs than those in other countries. But instead of an EO that will get challenged again by Big Pharma, why not work with @BernieSanders & me to make this law!” Khanna said.
“I am willing to introduce @realDonaldTrump EO exactly as written as legislation to be bipartisan & get something done for the American people. Any Republicans willing to co-sponsor? Let’s then get Speaker Johnson to call a vote on it,” he added.
I am willing to introduce @realDonaldTrump EO exactly as written as legislation to be bipartisan & get something done for the American people. Any Republicans willing to co-sponsor? Let’s then get Speaker Johnson to call a vote on it. https://t.co/9wsGDmCYjB
— Ro Khanna (@RoKhanna) May 12, 2025
President Trump said his executive order to reduce prescription drug and pharmaceutical prices is “one of the most consequential” in American history.
President Trump Announces “One Of The Most Consequential” Executive Orders In Country’s History
“I am pleased to announce that Tomorrow morning, in the White House, at 9:00 A.M., I will be signing one of the most consequential Executive Orders in our Country’s history. Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%,” Trump said on Truth Social.
“They will rise throughout the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA!” he added.
Full text:
For many years the World has wondered why Prescription Drugs and Pharmaceuticals in the United States States of America were SO MUCH HIGHER IN PRICE THAN THEY WERE IN ANY OTHER NATION, SOMETIMES BEING FIVE TO TEN TIMES MORE EXPENSIVE THAN THE SAME DRUG, MANUFACTURED IN THE EXACT SAME LABORATORY OR PLANT, BY THE SAME COMPANY??? It was always difficult to explain and very embarrassing because, in fact, there was no correct or rightful answer. The Pharmaceutical/Drug Companies would say, for years, that it was Research and Development Costs, and that all of these costs were, and would be, for no reason whatsoever, borne by the “suckers” of America, ALONE. Campaign Contributions can do wonders, but not with me, and not with the Republican Party. We are going to do the right thing, something that the Democrats have fought for many years. Therefore, I am pleased to announce that Tomorrow morning, in the White House, at 9:00 A.M., I will be signing one of the most consequential Executive Orders in our Country’s history. Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%. They will rise throughout the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA! I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World. Our Country will finally be treated fairly, and our citizens Healthcare Costs will be reduced by numbers never even thought of before. Additionally, on top of everything else, the United States will save TRILLIONS OF DOLLARS. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!
Fox News reports:
President Donald Trump declared Monday that the U.S. “will no longer tolerate profiteering and price gouging from Big Pharma” as he signed an executive order implementing what his administration is calling “most favored nations drug pricing.”
“The principle is simple – whatever the lowest price paid for a drug in other developed countries, that is the price that Americans will pay,” Trump said at the White House. “Some prescription drug and pharmaceutical prices will be reduced almost immediately by 50 to 80 to 90%.”
Trump said that “starting today, the United States will no longer subsidize the healthcare of foreign countries, which is what we were doing. We’re subsidizing others’ healthcare, the countries where they paid a small fraction of what for the same drug that what we pay many, many times more for and will no longer tolerate profiteering and price gouging from Big Pharma.”
BREAKING: Democratic Rep. Ro Khanna says that he is willing to introduce President Trump’s Executive Order reducing Prescription Drug prices by 30-80% in Congress as a bi-partisan bill, to codify it into law.
Make it happen. pic.twitter.com/K2FDoxtBbj
— Ian Jaeger (@IanJaeger29) May 12, 2025
From The White House:
President Trump is once again taking action to keep pharmaceutical manufacturers from charging Americans high drug prices while giving steep discounts to other wealthy nations.
- According to recent data, the prices Americans pay for brand-name drugs are more than three times the price other OECD nations pay, even after accounting for discounts manufacturers provide in the U.S.
- The United States has less than five percent of the world’s population, yet funds roughly 75% of global pharmaceutical profits.
- Drug manufacturers discount their products to gain access to foreign markets and then subsidize those discounts through high prices charged in America—in essence, Americans are subsidizing drug-manufacturer profits and foreign health systems, despite drug manufacturers benefiting from generous research subsidies and enormous healthcare spending by the U.S. Government.
- In his first term, President Trump took historic action to keep Medicare and seniors from paying more for drugs than economically comparable countries, which the Biden Administration rescinded before it could take effect.
- Instead of fixing this problem, the Biden Administration’s greatest achievement was to negotiate prices that were, on average, 78 percent higher than in 11 comparable countries as part of Biden’s effort to “beat Medicare.”