Trump says he will sign executive order on drug price caps

President Trump said Sunday he will sign an executive order Monday to cap prescription drug and pharmaceutical prices at the lowest cost offered to any other country.

America has notoriously paid more than other developed nations for the same prescription drugs. But under Trump’s “most favored nation” policy, the president hopes to ensure “the United States will pay the same price as the Nation that pays the lowest price anywhere in the World.”

“Our Country will finally be treated fairly, and our citizens Healthcare Costs will be reduced by numbers never even thought of before. Additionally, on top of everything else, the United States will save TRILLIONS OF DOLLARS,” Trump continued, in a Sunday post on Truth Social.

Trump said he will sign the executive order at the White House at 9 a.m. EDT on Monday. He called the executive order “one of the most consequential Executive Orders in our Country’s history.”