Trump's Shock Announcement: US to Pay Lowest Price for Pharmaceuticals

President Trump's announcement on lowering pharmaceutical prices has sent shockwaves across the US and globally. In a White House address, he stated, "What we're doing is equalising...we're going to pay the lowest price there is in the world." This bold claim has ignited debate. A common asthma drug, costing nearly $500 in the US, costs under $40 in the UK, Trump noted. He cited the weight-loss drug Ozempic as another example, costing ten times more in the US than elsewhere in the developed world. Trump asserted that pharmaceutical prices will be reduced by 50-90% and that Big Pharma will either comply voluntarily or face federal intervention. The long-term impact of this policy remains to be seen, but the announcement undoubtedly marks a significant development in US healthcare policy.