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Trumps Signs Executive Orders to Lower Drug Prices; Healthcare Stocks Fall

Published 07/24/2020, 04:30 PM
Updated 07/24/2020, 04:40 PM
© Reuters.

Investing.com -- President Donald Trump on Friday signed four executive orders aimed at lowering drug prices. 

The measures, which are set to take effect Aug. 24, would allow imports of prescription medicines and tie the prices of some Medicare drugs to the lower prices paid in other countries. The measures face a long regulatory process at a time when health authorities are focused on dealing with the ongoing pandemic. 

CVS Health  (NYSE:CVS), Cigna (NYSE:CI), and UnitedHealth (NYSE:UNH), were all down in after-hours trade.

 

Latest comments

A “Republican” who spends money like a drunken sailor in driving up the deficit, levies international trade tariffs, imposes martial law with secret federal military agents in selected cities, kills 145,000 Americans while claiming to fight a virus, destroys a robust economy, and interferes with a free market economy by engaging in price fixing? Welcome to North Korea, boys and girls!
there is no executive order that can lower drug prices. imported drug from places like Canada are likely set by the same group of ppl. it is cheaper in certain countries due their healthcare structure such as universal healthcare which isn't the case in the US.
Trump signs an order for price fixing seems more what a dictator would do then the head of the largest capitalistic market in the world.
but if u were to lower drug prices would that be good for the older people and also I respect your opinion
if Trump cared about old people and the sick’s health, he would try harder with Coronavirus.
Excellent and about time
Trump = king
It'll be a long time till anything actually happens, he can easily make this move now and tank it after the election, probably what's gonna happen. King? BS artist is more like it
Trump = Dictator.
Old man Mitch Mac must be stewing. His handlers have told him to hold all the Bills coming out of Congress in his in box and Trump just ran him over. That will teach Moscow Mitch to talk up the dump Trump strategy behind the scenes and Trump's back. huh?
If the Chinese have to fly to India to get cheaper drugs there's no way we're going to see it
Huh! Typical nonsensical conjecture..
About time. Next break down the walls between stayes by forming one set of regulations for all 50 States. This would instill more competition.
Who’s getting fired, or released from prison today? It’s friday.
Same guy who took President Obama to task for his Executive Orders. Can’t wait ‘til VP Biden gets in. First day in the Oval Office he’ll issue an EO sending the entire Trump family to work in a plant making orange tanning dye for each other.
Biden will drop out of the race. The moment democrats stood behind ********as a mean to grab power and are responsible for so many ho.mi.ci.des in the cities they run, including the kl.ll.ing of ch.il.dr.en, was the moment they lost everything. There's no turning back from this.
What if I told you structural economic inequalities in this country killed more Americans than all wars combined?
Take a deep breath, put on your big boy pants, and go drink some Kool-Aid with MAGA K.....
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