Trump makes historic move to slash prescription drug prices

took a major action on Monday to significantly reduce the cost Americans pay for pharmaceuticals and prescription drugs.

The latest executive order institutes a so-called 'most favored nation's policy' where the U.S. will only pay the price of those nations paying the lowest prices for the same medicines and drugs.

The president said he would 'do the right thing' and not allow himself or the to be bought and controlled by campaign contributions made by 'Big Pharma' and drug companies.

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