💨 Abstract

President Donald Trump plans to sign an executive order directing Medicare to pay the lowest price for certain medications, aligning with the prices paid by other countries. This "most favored nation" policy aims to reduce healthcare costs for Medicare beneficiaries, who pay for some of these medications during doctor's visits. The order targets drugs covered by Medicare Part B, such as cancer treatments, and could save the government significantly, though Trump's claim of "trillions of dollars" in savings may be exaggerated.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖