Trump unveils plan to slash drug costs tied to what’s paid abroad

The White House is moving forward with a plan to dramatically slash drug costs after talks broke down with the pharmaceutical industry’s major lobby.

President Donald Trump tweeted Sunday that he signed a new executive order for a “most favored nations” plan. The president had signed a version of the directive more than a month ago but said he would hold it so industry could come up with an alternative.

The plan would tie payments for certain Medicare drugs to the significantly lower…

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