Prescription drug prices record sharpest drop in more than 60 years: https://www.washingtonpost.com/business/2026/08/13/prescription-drug-prices-record-sharpest-drop-more-than-60-years/
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It is my Great Honor to announce the nomination of Chris Klomp @1klomp as our next Deputy Secretary of Health and Human Services (HHS)! His rapid rise in my Administration proves that he is a potential STAR. Chris is a Strong and Inspiring Leader and a Highly Successful Entrepreneur. Everywhere Chris goes, he earns TRUST. He is a person of principle, and is deeply committed to serving the AMERICAN People — and fixing our broken Healthcare System.
HHS is a massive and complex organization, but Chris knows exactly how to run it. He is doing a FANTASTIC job leading Medicare, and overseeing day-to-day operations. Secretary Kennedy, Dr. Oz, and I made this decision together! Chris’ experience building a BIG business gave him the TOUGHNESS to drive desperately needed major reforms, including my Historic MOST FAVORED NATION Drug Pricing Policy, to finally stop foreign freeriding off the backs of the American People. It is time for other countries to pay their fair share, and they’re doing so! Our Drug Prices have come down MASSIVELY in the last year.
Chris puts AMERICA FIRST, and will reform Healthcare to Make America Great and Healthy Again. Congratulations Chris! President DONALD J. TRUMP
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I am pleased to announce that TrumpRx.gov is adding another 160 Prescription Drugs, at highly discounted prices, for a new total of over 800 of the most commonly-used Prescription Drugs. TrumpRx.gov will now provide clear, transparent, and DISCOUNTED offerings for FOUR OUT OF FIVE of every prescription filled by Americans. I was proud to make History during my First Term when we lowered Drug Prices, even if by a tiny percentage, because this amounted to a HUGE change compared to other presidents only raising Drug Prices, endlessly and significantly, every year. Then, during my Second Term, I decided to go BIG with Most Favored Nations Pricing — That is to say, we pay no more or, ideally, less than any other Country for the same exact Drug. Now we are cutting Prices, and cutting them by a LOT, sometimes by 400 or 500 or 600 Percent! These Most Favored Nations Deals have already, in fact, saved American Patients over 400 Million Dollars since the launch of TrumpRx.gov. Of course, Most Favored Nations would not be possible without my use of TARIFFS, which are getting other Countries to “pay up” instead of relying on American Patients getting ripped off, as they were for decades until I ordered an immediate “stop” to this very unfair and, frankly, foolish situation. This is all great news, and I have instructed my Administration to secure more Most Favored Nations Deals, more Partnerships, and Lower Prices for every American Patient. Before filling out a Prescription, make sure you “CHECK OUT” – TRUMPRX.GOV. Thank you for your attention to this matter! President DONALD J. TRUMP
HTTPS://TRUMPRX.GOV
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"President Donald J. Trump Announces First Deal to Bring Most-Favored-Nation Pricing to American Patients" https://www.whitehouse.gov/fact-sheets/2025/09/fact-sheet-president-donald-j-trump-announces-first-deal-to-bring-most-favored-nation-pricing-to-american-patients/
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Starting today, the United States will no longer subsidize the healthcare of foreign countriesâand we'll no longer tolerate profiteering and price gouging from Big Pharma. EXECUTIVE ORDER: https://www.whitehouse.gov/presidential-actions/2025/05/delivering-most-favored-nation-prescription-drug-pricing-to-american-patients/
Video transcript
But starting today, the United States will no longer subsidize the health care of foreign countries, which is what we were doing. We're subsidizing others' health care, 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. But again, it was really the countries that forced Big Pharma to do things that, frankly, I'm not sure they really felt comfortable doing, but they've gotten away with it. These countries' European Union has been brutal, brutal. And the drug companies actually told me, "Sir, it was just brutal how they forced them." And European Union is suing all our companies -- Apple, Google, Meta -- they're suing all our companies. They end up -- they have judges that are European Union-centric, and they get rewarded 15 billion, 17 billion, 20 billion, and they use that to run their operation. It's not going to happen any longer, that I can tell you.
Transcribed automatically. Expect errors in names and numbers.
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Dr. Jay Bhattacharya: "What President Trump has done is a historic measure that should have been done a long time ago. What we're going to do is make sure that those prices become much closer to equal like a competitive market you would expect."
Video transcript
So I teach economics at Stanford as well as health policy and one thing that's really really simple in economics Is that when you have a persistent price difference for the same product between two countries? There is something deeply wrong and what President Trump has done is a historic measure that should have been done a long time ago What we're going to do is is make sure that those prices Become much closer to equal like that like a competitive market you'd expect right now What's happening is the American people are subsidizing at in large large fraction Thought the research and development efforts for drug companies around the world by the higher prices that we pay with this new order Europe will share the burden of that and in fact if you may think of it as like it as somehow It's like it's it's going after drug companies Actually, it's helping drug companies because what we're also going to do with this order what President Trump has done with this order is He's said to European governments Look if you are taking advantage of the drug companies by forcing them to charge the very very low prices We're going to defend American drug companies in Europe at the same time We're standing up for the American consumer who's been paying far too high prices for far too long I can go back decades to point to Congressional report after a government report after government report of tremendously high drug prices Much higher than the rest of the world and nothing has been done about it until this moment And I'm really really proud President Trump so that you've done this I'm really proud to be included in this and looking forward to the work ahead
Transcribed automatically. Expect errors in names and numbers.
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A “Favored Nations Clause” against Big Pharma, which I signed last week, means that the USA gets a price on Prescription Drugs that matches the price of the Country that pays the lowest price anywhere in the World. 50%, 60%, maybe 70% reduction. No other President would do this!
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With what I am doing in the fight with the Drug Companies, drug prices will be coming down 50, 60, and even 70 per cent. The Democrats are fighting hard to stop me with big ad buys, plus. Likewise, Big Pharma. FAVORED NATIONS AND REBATES ARE BRINGING PRICES DOWN NOW. We will win!
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Big Pharma is taking television ads trying to make the case that I am raising prescription drug prices on seniors. The ad is a lie! What I have done will lead to a 50% REDUCTION in prices, at least, & Big Pharma is not happy about it. No other President would....
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Yesterday I signed four measures that will massively reduce the prices of prescription drugs, in many cases by more than 50%. Nothing like this has ever been done before because Big Pharma, with its vast power, would not let it happen. Expensive Insulin went from big dollars.....
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...Pelosi and her Do Nothing Democrats drug pricing bill doesn’t do the trick. FEWER cures! FEWER treatments! Time for the Democrats to get serious about bipartisan solutions to lowering prescription drug prices for families...
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Drug prices declined in 2018, the first time in nearly half a century. During the first 19 months of my Administration, Americans saved $26 Billion on prescription drugs. Our policies to get cheaper generic drugs to market are working!
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