Trump to sign executive order to cut prices of medicine to match other countries

[Bluetus]

24. This EO is completely meaningless. It has no legal authority at all. But for sake of argument

if Congress passed a law saying that pharma companies cannot charge more for the same drugs than they charge on average in the UK, Canada, France, Germany, Spain, Australia, and Italy, then the companies would be motivated to try to raise prices in those other countries, in order to maintain current profit levels worldwide.

Trump is right that Americans are being ripped off, and once again, Trump is taking the initiative on a populist position while Dems come up with 1000 reasons why we can't do anything.

This kind of thing has to be passed in law, such as the Biden era law that allowed Medicare to "negotiate" (not demand MFN pricing) with drug companies, but only for 10 specific drugs. Nobody seems to care about the laws or the Constitution anymore, so hell, let's wish Trump good luck with this one. Of course, it is far more likely that this is just another shakedown. Once big Pharma gives him $100M in bribes, he'll drop the whole thing. But that's legal because clearly that is an official act -- a lot more official than leveling Gaza to build a bunch of Trump hotels.

Dems should be claiming these bold ideas and campaigning on them rather than hiding in the shadows all the time.