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I was curious what he meant by this (sounds like a very Bernie thing to say).
This is from the WH website (https://www.whitehouse.gov/articles/congress-didnt-act-on-prescription-drug-prices-so-president-trump-did/)
The first order directs federally qualified health centers to pass along massive discounts on insulin and epinephrine from drug companies to low-income Americans.
The second order will allow the safe, legal importation of prescription drugs from Canada and other countries where the price for identical drugs is lower.
The third order will prohibit secret deals between drug manufacturers and pharmacy “benefit manager” middlemen, ensuring patients directly benefit from available discounts at the pharmacy counter.
The fourth order ensures the United States pays the lowest price available among economically advanced countries for Medicare Part B drugs. The United States often pays 80 percent more for these drugs than other developed nations.
What does this mean? My understanding is that drug makers price for the U.S. market (relatively lower regulation here), then "get what they can" from the rest of the world.
Is that how it works?
Doesn't this change the biz model of pharma companies (certain drugs become unprofitable)? Can you do this with executive order?