Latest news with #DrugPrices
Malay Mail
5 days ago
- Health
- Malay Mail
Johor DAP's Dr Boo calls on Cabinet to seek AG's review on drug price order amid legal concerns
JOHOR BARU, July 19 — Johor DAP activist Dr Boo Cheng Hau called on the Cabinet to refer the Price Control and Anti-Profiteering (Price Marking for Drugs) Order 2025 to the Attorney-General's Chambers for a legal review. He claimed that the order, which requires private hospitals, clinics, and pharmacies to display drug prices, may be outside the jurisdiction of the Domestic Trade and Cost of Living Ministry (KPDN). 'The power to regulate medical services and medications, the existing relevant medical laws must be amended when necessary to empower the Health Ministry to do so, as they have the necessary expertise and jurisdiction. 'Protecting patients' rights is the responsibility of the medical fraternity, and the pharmaceutical industry has always had certain rules for drug prices and each pharmaceutical manufacturer will have a recommended selling price for each drug. 'Ultimately, patients will benefit from a more transparent system, but the powers and authority to regulate drug prices naturally falls within the scope of the Health Ministry's jurisdiction and authority,' said Dr Boo in a statement today. He was responding to the announcement by Domestic Trade and Cost of Living Minister Datuk Amirzan Mohd Ali in May that his ministry has formulated and gazetted the Price Control and Anti-Profiteering (Price Making for Drugs) Order 2025 in accordance with Section 10 of the Price Control and Anti-Profiteering Act 2011, requiring private hospitals, clinics and pharmacies to display drug prices. Dr Boo, who is also a medical practitioner, called on the Cabinet to improve the coordination between various ministers and governmental departments. 'No cabinet minister should interpret the laws unilaterally, but must submit the relevant laws to the Attorney General's Office for further review to avoid mishaps,' he said. On May 1, the Federation of Private Medical Practitioners' Associations Malaysia (FPMPAM) alleged that KPDN enforcement officers visited clinics and threatened to issue summonses for failing to display medicine prices. The mandatory drug price display ruling came into force on May 1. However, the Health Ministry later announced that no summons or punitive action will be taken just yet, pending a three-month grace period to focus on public education and advocacy.
Fox News
15-05-2025
- Politics
- Fox News
Fox News Politics Newsletter: Birthright Debate
Welcome to the Fox News Politics newsletter, with the latest updates on the Trump administration, Capitol Hill and more Fox News politics content. Here's what's happening…-Trump highlights potential pay raise for troops, touts military reforms in Qatar speech -Dems divided on Trump's executive order aimed at slashing drug prices -Supreme Court Chief Justice Roberts reins in Sotomayor after repeated interruptions The Supreme Court heard oral arguments Thursday in a challenge to President Donald Trump's effort to end birthright citizenship, a case that could more broadly call into question the powers of lower courts to block executive branch actions. It's unclear when the justices will rule, but their decision to fast-track the case means an opinion or order could come within weeks — or even days. Justices across the ideological spectrum appeared to agree Thursday that the use of universal injunctions has surged in recent years — blocking actions by both Democratic and Republican presidents. WHY WOULD HE GO?': Trump to skip Russia-Ukraine peace talks, calls Zelenskyy the 'greatest salesman, maybe in history' TRUMP OF ARABIA: Trump makes historic UAE trip in first U.S. presidential visit in nearly 30 years 'VERY SIMPLE': Trump warns Iran faces 'violence like people haven't seen before' if nuclear deal fails 'TRUMP'S EXCEPTIONAL EFFORTS': UAE's president bestows highest civilian honor on Trump 'IT'S THE LAW': Espionage, constitutional concerns abound from Trump detractors, allies over Qatari jet offer POLL POSITION: Trump's poll position improves as president's approval ratings edge up in new national survey 'DESTRUCTION OR DISRUPTION': Hidden communications devices found in Chinese solar power inverters spark security alarm 'NO DOUBT': Dem senator says 'no doubt' Biden declined cognitively during presidency TAX-CUT DAY: GOP reps, advocacy group to target competitive House districts in Trump tax-cut push PLANES, TRAINS, AND INVESTIGATIONS: House Dems open investigation into Trump's acceptance of $400 million jet from Qatar SUPREME SMACKDOWN: Justice Kagan snaps at Trump lawyer in major case: 'Every court has ruled against you' 'DISTURBING' CONDUCT: US attorney for Massachusetts says interference with ICE operations is 'disturbing,' threatens arrests JUDGE IS IN: Jeanine Pirro sworn in as interim US attorney 'LEAVING AMERICANS VULNERABLE': US military would be unleashed on enemy drones on the homeland if bipartisan bill passes NEW GAME: Harvard updates lawsuit after Trump cancels additional $450M in funding Get the latest updates on the Trump administration and Congress, exclusive interviews and more on
Fox News
12-05-2025
- Business
- Fox News
Fox News Politics Newsletter: Trump Hails China 'Opening Up' to Competition
Welcome to the Fox News Politics newsletter, with the latest updates on the Trump administration, Capitol Hill and more Fox News politics content. Here's what's happening… -American hostage Edan Alexander released by Hamas after more than 580 days in captivity -Trump defends Qatar jumbo jet offer as troubled Boeing fails to deliver new Air Force One fleet -Southern border apprehensions plunge more than 90% from year ago in April, CBP says China has agreed to "open itself up to American business" following trade negotiations between Washington, D.C., and Beijing on Saturday, according to President Donald Trump. The arrangement was arguably the most significant development stemming from the trade negotiations, Trump told reporters Monday at the White House. Plans have yet to be finalized and "papered," but Trump said that China is on board with the agreement. "The biggest thing to me is the opening up," Trump told reporters Monday during an announcement regarding an executive order on drug prices in the U.S. "It would be, I think it would be fantastic for our businesses if we could go in and compete and compete with China. It would be a lot of jobs for China."…READ MORE CAUGHT IN THE MIDDLE EAST: Trump Middle East tour tests ties with Netanyahu 'PUNK': DNC vice chair slams Trump as 'punk,' 'would-be dictator' in fiery Pa. town hall THE PRINCIPLE IS SIMPLE': President Trump takes on 'Big Pharma' by signing executive order to lower drug prices TRUMP TOOLS: Legal expert reveals why centuries-old law is crucial for Trump admin in immigration fight MIDDLE EAST TRIP: Trump's 17th week back in office to focus on Middle East trip, admin leaders ironing out China trade talks POLITICAL PAYOFF?: Trump China tariff truce ignites stock markets – will it also pump up president's poll numbers? LEO'S ADVICE: Pope Leo dishes advice to journalists, mentions AI challenge in first news conference AYATOLLAH'S SHADOW: Fourth round of US-Iran talks ends as Trump set to embark on historic Mideast tour 'FAILED EXPERIMENT': UK to tighten immigration rules over voter frustration with high immigration numbers CONSULATE CLOSURE: Poland orders Russian consulate in Krakow closed after blaming Kremlin for 2024 arson BALLS AND STRIKES: Senate parliamentarian: Who is the unelected official getting a say on Trump's 'big, beautiful bill?' 'ENOUGH IS ENOUGH': GOP senator unleashes bill with severe consequences for harming police 'ILLEGAL CONDUCT': GOP senators accuse Biden ATF of promoting agents who engaged in 'illegal' scheme to inflate salaries CASH PAYMENT: Trump's $1,000 self-deportation plan draws mixed reaction from House GOP TRUMP CARD: House GOP unveils Medicaid work requirements in Trump's 'big, beautiful bill' 'FLYING GRIFT': House Democrat calls for 'immediate' ethics probe of Qatari plane gift to Trump DEM BORDER PLAN: Dem's immigration reform plan adds Border Patrol agents, offers select migrants pathway to citizenship 'GRAVY TRAIN IS OVER': Homeland Security subpoenas California for possible cash benefits to illegals CAMPUS CRACKDOWN: Swing state outlaws college protest encampments amid nationwide campus crackdown on anti-Israel agitators Get the latest updates on the Trump administration and Congress, exclusive interviews and more on
Yahoo
12-05-2025
- Health
- Yahoo
Trump to sign executive order he says will slash drug prices by up to 80%
President Donald Trump announced he plans to sign an executive order on Monday that will reduce the cost of prescription drugs and pharmaceuticals "almost immediately, by 30% to 80%." Trump made the announcement on Truth Social Sunday. "For many years the World has wondered why Prescription Drugs and Pharmaceuticals in the United States States of America were SO MUCH HIGHER IN PRICE THAN THEY WERE IN ANY OTHER NATION, SOMETIMES BEING FIVE TO TEN TIMES MORE EXPENSIVE THAN THE SAME DRUG, MANUFACTURED IN THE EXACT SAME LABORATORY OR PLANT, BY THE SAME COMPANY???" Trump wrote. "It was always difficult to explain and very embarrassing because, in fact, there was no correct or rightful answer. "The Pharmaceutical/Drug Companies would say, for years, that it was Research and Development Costs, and that all of these costs were, and would be, for no reason whatsoever, borne by the 'suckers' of America, ALONE. Campaign Contributions can do wonders, but not with me, and not with the Republican Party," the president continued. Maha Caucus Member Pledges Hearings Into 'Corruption' Of A Public Health Sector 'Captured By Big Pharma' "We are going to do the right thing, something that the Democrats have fought for many years," Trump added. "Therefore, I am pleased to announce that Tomorrow morning, in the White House, at 9:00 A.M., I will be signing one of the most consequential Executive Orders in our Country's history. Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%. Read On The Fox News App Trump noted that the cost of drugs will rise throughout the World, but for the first time in many years, he added, it will "bring FAIRNESS TO AMERICA!" "I will be instituting a MOST FAVORED NATION'S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World," Trump said. "Our Country will finally be treated fairly, and our citizens Healthcare Costs will be reduced by numbers never even thought of before. Additionally, on top of everything else, the United States will save TRILLIONS OF DOLLARS." Sleep Specialist Backing Rfk Jr's Maha Movement Pushes To Change School Start Times In America Trump signed another executive order last month to standardize Medicare payments for prescription drugs, including those used for cancer patients, no matter where a patient receives treatment. The White House said in a fact sheet at the time that the order could lower prices for patients as much as 60%. Likewise, the order calls to match the Medicare payment for certain prescription drugs to the price that hospitals pay for those drugs, up to 35% lower than what the government pays to acquire those medications, the White House said. The order also takes steps to lower insulin prices. Specifically, the order calls for lowering insulin prices for low-income patients or those who are uninsured to as little as 3 cents and injectable epinephrine for treating allergic reactions to as low as $15, coupled with a "small administrative fee," according to a White House fact sheet. Trump And A Healthier America Welcomed By Doctors: 'New Golden Age' Additionally, the order attempts to drive down states' drug prices by "facilitating importation programs that could save states millions in prescription drug prices," as well as bolstering programs that assist states secure deals on sickle-cell medications in Medicaid, the fact sheet said. The order requires Health and Human Services, which is lead by Robert F. Kennedy Jr., to seek comment on the Medicare Drug Price Negotiation Program, which the Biden administration authorized under the Inflation Reduction Act and allows Medicare to directly engage in hashing out prescription prices with drug companies. Drug prices have significantly spiked in recent years. Between January 2022 and January 2023, prescription drug prices rose more than 15% and reached an average of $590 per drug product, according to the Department of Health and Human Services. Of the 4,200 prescription drugs included on that list, 46% of the price increases exceeded the rate of inflation. Click To Get The Fox News App Previous efforts under the first Trump administration to curb prescription drug prices included installing a cap on Medicaid prescription drug plans for insulin at $35. Fox News Digital's Diana Stancy and Alec Schemmel contributed to this article source: Trump to sign executive order he says will slash drug prices by up to 80%
Fox News
11-05-2025
- Health
- Fox News
Trump to sign executive order he says will slash drug prices by up to 80%
President Donald Trump announced he plans to sign an executive order on Monday that will reduce the cost of prescription drugs and pharmaceuticals "almost immediately, by 30% to 80%." Trump made the announcement on Truth Social Sunday. "For many years the World has wondered why Prescription Drugs and Pharmaceuticals in the United States States of America were SO MUCH HIGHER IN PRICE THAN THEY WERE IN ANY OTHER NATION, SOMETIMES BEING FIVE TO TEN TIMES MORE EXPENSIVE THAN THE SAME DRUG, MANUFACTURED IN THE EXACT SAME LABORATORY OR PLANT, BY THE SAME COMPANY???" Trump wrote. "It was always difficult to explain and very embarrassing because, in fact, there was no correct or rightful answer. "The Pharmaceutical/Drug Companies would say, for years, that it was Research and Development Costs, and that all of these costs were, and would be, for no reason whatsoever, borne by the 'suckers' of America, ALONE. Campaign Contributions can do wonders, but not with me, and not with the Republican Party," the president continued. "We are going to do the right thing, something that the Democrats have fought for many years," Trump added. "Therefore, I am pleased to announce that Tomorrow morning, in the White House, at 9:00 A.M., I will be signing one of the most consequential Executive Orders in our Country's history. Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%. Trump noted that the cost of drugs will rise throughout the World, but for the first time in many years, he added, it will "bring FAIRNESS TO AMERICA!" "I will be instituting a MOST FAVORED NATION'S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World," Trump said. "Our Country will finally be treated fairly, and our citizens Healthcare Costs will be reduced by numbers never even thought of before. Additionally, on top of everything else, the United States will save TRILLIONS OF DOLLARS."
