Fact Sheet: President Donald J. Trump Announces Actions to Lower Prescription Drug Prices

LOWERING PRESCRIPTION DRUG PRICES: Today, President Donald J. Trump signed an Executive Order to expand on the historic efforts of his first term to lower prescription drug prices.

• The Order directs the Department of Health and Human Services to take steps to significantly reduce drug prices for American patients.
• It delivers lower drug prices for Medicare and the seniors who rely on it by:
  • Improving the Medicare Drug Pricing Negotiation Program in order to eclipse the 22% in savings achieved in the program’s first year.