• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Dems divided on Trump’s executive order aimed at slashing drug prices

by May 15, 2025
written by May 15, 2025

President Donald Trump’s executive order aimed at slashing U.S. drug prices has divided Democrats on Capitol Hill, with some cautiously optimistic while others dismissed the move as a bluster.

Most Democratic lawmakers who spoke with Fox News Digital about the order noted they had not read into the details, but the reactions were mostly split.

‘It certainly seems more bark than it is bite,’ Rep. Richard Neal, D-Mass., the top Democrat on the House Ways & Means Committee, told Fox News Digital. 

Neal said it ‘strikes me as though it’s another example of the executive order that garners a lot of attention’ with little impact, though he noted he was still looking into the details.

Rep. George Latimer of New York, a first-term Democrat who unseated a former member of the progressive ‘Squad,’ ex-Rep. Jamaal Bowman, D-N.Y., signaled he was hopeful about the initiative.

‘If we can keep drug costs low, that’s a positive thing,’ Latimer said. ‘I don’t, you know, oppose everything the president does, things that help people lower costs. If that’s what this turns into, then yes, it’s a worthwhile idea. But I have to be honest, I’ve got to read it more closely to understand it better.’

Trump announced Monday that he was directing the Department of Health and Human Services to set price targets for pharmaceutical companies.

The president said the order would have pharmaceutical companies set drug prices on par with the lowest prices in other developed countries.

He said, ‘some prescription drug and pharmaceutical prices will be reduced almost immediately by 50 to 80 to 90%.’

Democratic Rep. Lou Correa, D-Calif., told Fox News Digital when asked about the order, ‘It’s always a good thing to reduce drug costs.’

‘I think it’s a move in the right direction, let’s just see the details,’ Correa added.

Rep. Lloyd Doggett, D-Texas, like Neal, told Fox News Digital he was more skeptical.

‘My feeling is that, like his…announcements during his first term, there’s much talk and no meaningful reduction of drug prices,’ Doggett said. ‘It remains to be seen whether any patient in America will see a price reduced on a single drug as a result of this order. So, until I see action, I will not believe that he has truly committed to reducing prices.’

House Democratic Caucus Chair Pete Aguilar, D-Calif., also said he did not believe Trump was ‘serious’ when asked.

‘All of this is just a disingenuous effort…on the part of House Republicans and Donald Trump, to pretend like they were looking out for people,’ Aguilar said. ‘If they were serious about it, the policy would be placed within their reconciliation bill. It’s not. This is just a performance effort by the president.’

Meanwhile, Rep. Ro Khanna, D-Calif., introduced a House bill to make Trump’s order permanent.

‘I rise today, to introduce as legislation, President Trump’s executive order for the most favored nation status on drug pricing,’ Khanna said on the House floor.

‘My legislation will codify President Trump’s executive order, which basically says that Americans should not pay more for drugs than people in other countries and other parts of the world.’

In an exclusive Fox News interview with Sean Hannity, Trump argued that his executive order should offset Democrats’ concerns with his ‘big, beautiful’ budget reconciliation bill being pushed by Republicans.

Democrats have accused Republicans of using the bill to gut critical programs like Medicaid for millions of people who need it, while the GOP has contended it was just trying to eliminate waste and abuse within the system.

‘It’s the Democrats’ fault that people are being ripped off for years and years. And now I hear Democrats saying, ‘Oh, well, we’re going to not go for the bill.’ It’s going to be very hard for them not to approve of the big, beautiful bill that we’re doing,’ Trump said. ‘We’re doing the biggest tax cuts in the history of our country because people are going to be getting a 50 to a 90% reduction on drug prices.’

When reached for comment on Democrats’ responses, White House spokesman Kush Desai told Fox News Digital, ‘Democrats talk; President Trump delivers. Instead of again putting politics over the American people, Democrats should work with the Trump administration to build on the President’s historic action to lower drug prices and end global freeriding off the backs of Americans.’

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Supreme Court Chief Justice Roberts reins in Sotomayor after repeated interruptions
next post
House Dems open investigation into Trump’s acceptance of $400 million jet from Qatar

related articles

House GOP seeks off-ramp to sky-high health insurance...

December 8, 2025

Trump broke his promise to protect a lifeline...

December 8, 2025

Congress unveils $900B defense bill targeting China with...

December 8, 2025

Chechen leader threatens Zelenskyy amid drone strike, echoes...

December 8, 2025

Trump’s Kennedy Center Honors overhaul delivers star-studded lineup,...

December 7, 2025

Judge rules evidence linked to James Comey’s ally...

December 7, 2025

Kelsey Grammer calls Trump ‘one of the greatest...

December 7, 2025

Rosie O’Donnell’s Trump obsession continues unabated from Ireland...

December 7, 2025

DAVID MARCUS: Trump’s aggression toward Venezuela a warning...

December 6, 2025

Teenage cancer patient’s final fight becomes law as...

December 6, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Poll: Majority of Republicans back Trump’s strikes on Iran; most Americans fear getting dragged into war

    June 25, 2025
  • More than 1,000 Starbucks workers strike at 65 stores on Red Cup Day

    November 15, 2025
  • JD Vance honors his mother at White House for reaching 10 years sobriety

    April 7, 2025
  • Biden says he and Kamala Harris are ‘singing from the same song sheet’ — as she tries distancing herself

    October 5, 2024
  • Deciphering Donald Trump: How his rhetoric sends different messages

    February 25, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,988)
  • Investing (654)
  • Stock (963)

Latest Posts

  • 10 Dems vote with GOP to rebuke Biden officials over chaotic Afghanistan withdrawal

    September 25, 2024
  • Zyn-maker Philip Morris announces $600 million Colorado facility to ramp up production

    July 17, 2024
  • Long MSTR: MicroStrategy’s Bold Bitcoin Bet, $2B Stock Offering Fuels Rebound, Eyeing $500

    January 7, 2025

Recent Posts

  • Experts sound alarm on Biden’s offshore drilling ban having reverse effect on environment: ‘Disgraceful’

    January 15, 2025
  • DAVID MARCUS: Trump’s Canada tariffs take toll on would-be Conservative Prime Minister Pierre Poilievre

    March 10, 2025
  • Pence group warns Senate not to rubber-stamp Trump’s ‘big, beautiful bill’

    June 12, 2025

Editor’s Pick

  • Longtime Trump advisor to depart the White House at month’s end

    September 25, 2025
  • Treasury ‘mistakenly’ gave Musk DOGE worker ability to change payments system: court docs

    February 12, 2025
  • Novo Nordisk’s Wegovy approved by MHRA in the UK for cardiovascular prevention

    July 23, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock