Brussels Reporter
  • Home
  • Brussels
  • Europe
    • Europe

      Poland to make abortion ban binding

      January 27, 2021

      Europe

      Spain snowstorm: Madrid’s farming sector estimates €6 million…

      January 27, 2021January 27, 2021

      Europe

      German start-up company makes 120,000 FFP2 masks a…

      January 27, 2021January 27, 2021

      Europe

      Dutch police out in force to prevent further…

      January 26, 2021January 26, 2021

      Europe

      French teachers strike in Paris over government’s response…

      January 26, 2021January 27, 2021

  • Globe
  • Lifestyle
  • Business

Brussels Reporter

  • Home
  • Brussels
  • Europe
    • Europe

      Poland to make abortion ban binding

      January 27, 2021

      Europe

      Spain snowstorm: Madrid’s farming sector estimates €6 million…

      January 27, 2021January 27, 2021

      Europe

      German start-up company makes 120,000 FFP2 masks a…

      January 27, 2021January 27, 2021

      Europe

      Dutch police out in force to prevent further…

      January 26, 2021January 26, 2021

      Europe

      French teachers strike in Paris over government’s response…

      January 26, 2021January 27, 2021

  • Globe
  • Lifestyle
  • Business
Home Globe Donald Trump acts to cut prescription drug prices in US
Globe

Donald Trump acts to cut prescription drug prices in US

by editor July 25, 2020
July 25, 2020

Image copyright
EPA

Image caption

Donald Trump said he wanted to “completely restructure the prescription drug market”

President Donald Trump has signed four executive orders aimed at cutting prescription drug prices in the US.

“The four orders I’m signing today will completely restructure the prescription drug market,” said Mr Trump, who has long criticised “astronomical” prices.

The measures would allow discounts and import of cheaper drugs from abroad.

Mr Trump will meet pharmaceutical bosses on Tuesday, but some industry analysts have criticised the move, saying it would not have much effect.

“This administration has decided to pursue a radical and dangerous policy to set prices based on rates paid in countries that he [President Trump] has labelled as socialist, which will harm patients today and into the future,” Pharmaceutical Research and Manufacturers of America said in a statement.

It said Mr Trump’s move was “a reckless distraction that impedes our ability to respond to the current [coronavirus] pandemic – and those we could face in the future”.

Media playback is unsupported on your device

Media captionThe lost six weeks when the US failed to control the virus

President Trump’s administration has been criticised for its response for the worsening Covid-19 crises, as the number of confirmed virus-related deaths in America has now topped 145,000.

Since taking office, Mr Trump has made repeated attacks against those who set drug prices and has pledged to take radical steps to reduce them.

But with the presidential election just several months away, industry experts have voiced doubts that any major decisions could come into force before the 3 November vote.

They also say that the White House has limited power to implement drug pricing policies.

Executive orders do not have any automatic legal force and can also be challenged in court.

According to a 2019 report by the OECD group of industrialised nations, the US spends roughly twice the average amount spent by other member countries on pharmaceuticals per head.

For example, where the UK paid £398 ($497) per head in 2015, the USA paid $1,162.

This is despite having similar levels of prescription drug use.

Source link

previous post
Singapore man admits being Chinese spy in US
next post
Christopher Columbus statues removed in Chicago after protesters clash with police

Related Posts

Trump spends first night in hospital after Covid-19...

October 3, 2020

Delhi's Covid cases spike as temperatures drop and...

November 12, 2020

US Election: Twitter hides Trump tweet about 'disappearing'...

November 4, 2020

Hebei: China locks down 400,000 people after virus...

June 29, 2020

Coronavirus in Sudan exposes new leaders

May 25, 2020

Ivory Coast elections: Voters go to the polls...

October 31, 2020

Kylie Moore-Gilbert: Lecturer released by Iran 'in prisoner...

November 25, 2020

Yemen war: Explosions at Aden airport as new...

December 30, 2020

Emmy Awards 2020: Schitt’s Creek wins big at...

September 21, 2020

Cocaine worth $500m found hidden in charcoal shipment

October 21, 2020
Promotion Image

Recent Posts

  • Poland to make abortion ban binding
  • Spain snowstorm: Madrid’s farming sector estimates €6 million loss from Filomena
  • Biden to sign executive orders on environment
  • German start-up company makes 120,000 FFP2 masks a day
  • Biden raises election meddling with Putin in first phone call
Promotion Image

GO!

Lifestyle

  • Scientists are using satellites to count elephants from space for the first time

  • France: Hospital workers demand more resources to fight COVID-19

  • Alexei Navalny: Millions watch jailed critic's 'Putin palace' film

  • Covid vaccine: WHO warns of ‘catastrophic moral failure’

  • Belgium looks good in white

Popular Posts

  • 1

    Beware of scammING. Dirty money of famous bank

    October 6, 2020
  • 2

    Norway: No link established after post-COVID-19 vaccination deaths, says health authority

    January 18, 2021
  • 3

    Biden inauguration: Fireworks light up Washington DC sky as Hollywood A-list turns out to celebrate

    January 21, 2021

Editor’s Choices

  • European Parliament will set up vaccination centers for MEPs, staff and locals

    January 21, 2021
  • Why ‘equal access’ to coronavirus vaccines is failing poor countries

    January 20, 2021
  • Merkel era may only just be beginning

    January 16, 2021

Opinions

  • Poland to make abortion ban binding

    January 27, 2021
  • AstraZeneca CEO: EU vaccine contract is ‘not a commitment’

    January 27, 2021
  • Rich countries ‘hoarding’ vaccines, says South Africa’s president

    January 26, 2021

@2018-2021 - Brussels Reporter (www.brusselsreporter.com). All Right Reserved.