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Tag: health care policy
Trump Revives Boldest Drug Price Crackdown Yet: Inside the First Attempt to Peg U.S. Costs to Global Lows
The soaring cost of prescription drugs in the United States has long stirred public discontent and bipartisan concern. In April 2025, former President Donald J. Trump, now a leading candidate in the upcoming election cycle, signaled a renewed focus on this issue. According to a Reuters report (April 22, 2025), Trump is considering reintroducing international reference pricing (IRP) as a cost-control measure for U.S. drug prices. This policy, widely discussed during his first term and later blocked by federal courts, would benchmark U.S. drug prices against those paid in other wealthy nations like Sweden, Japan, and Canada.