Trump signs executive order aimed at slashing prescription drug costs

(The Hill) -- President Donald Trump signed an executive order on Monday aimed at slashing prescription drug prices in the U.S. that could lead to the capping of prices at a level equivalent to the cost in similar nations.

The U.S. has paid more than other similarly wealthy countries for prescription drugs for decades, with a 2024 study conducted by the Rand Corporation, a public policy think tank, finding that Americans in general pay 2.78 times more for prescription drugs than 33 other nations.