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President Trump signs drug price reduction bill

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On Friday, July 24, US President Donald Trump signed four new presidential decrees aimed at cutting American spending on prescription drugs, as he faces a re-election campaign. and speculation over its response to the COVID-19 outbreak in the country.

Trump may have said he would make almost all of the changes to the law he signed on Friday, but this is the first time the law has been signed.

One law would allow the importation of cheaper prescription drugs from countries like Canada officially, while another law would require pharmaceutical companies to reduce their prices, according to Trump.

Another law requires lowering the cost of insulin injections while the fourth rule, which is unlikely to be implemented if successful negotiations with pharmaceutical companies, would require the Medicare Insurance system to buy drugs at lower prices. other countries are buying, according to Trump.

Abudulrasheed Mubarak is a freelance content creator. He starting his writing career in 2011. He is a graduate of Auchi Polytechnic, Auchi in Urban and Regional Planning.

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