• 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
Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion
next post
House Dems open investigation into Trump’s acceptance of $400 million jet from Qatar

related articles

RFK Jr’s HHS to end routine COVID vaccine...

May 16, 2025

State Department confirms ‘constructive’ nuclear talks with Iran;...

May 15, 2025

GOP rebel mutiny threatens to derail Trump’s ‘big,...

May 15, 2025

Rubio doubts ‘anything productive’ will happen in Ukraine...

May 15, 2025

Far-left congresswoman revives ousted ‘Squad’ Dem’s reparations push...

May 15, 2025

House Dems open investigation into Trump’s acceptance of...

May 15, 2025

US military would be unleashed on enemy drones...

May 15, 2025

UAE’s president bestows highest civilian honor on Trump

May 15, 2025

Trump makes historic UAE visit as first US...

May 15, 2025

Supreme Court Chief Justice Roberts reins in Sotomayor...

May 15, 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

  • House Minority Leader Jeffries describes Trump’s address to Congress as ‘most divisive’ in American history

    March 5, 2025
  • BNB Chain faces $1.64 billion in losses from hacks and rug pulls, report reveals

    July 11, 2024
  • Solana and Cardano: Solana loses momentum this morning

    July 25, 2024
  • Stock Market News UK Update: FTSE 100 & 250 Rise

    March 20, 2025
  • MORNING GLORY: The VP debate is an example of Kamala Harris’s horrible judgment when it comes to picking staff

    October 3, 2024

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

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

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

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

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,522)
  • Investing (614)
  • Stock (749)

Latest Posts

  • Trump campaign’s closing message to voters: ‘Harris broke it, Trump will fix it’

    October 24, 2024
  • RNC brings on new senior leadership to ‘work around the clock’ to support Trump agenda, elect Republicans

    February 12, 2025
  • Harris says Biden is currently capable of serving as president amid growing concerns over his fitness

    July 23, 2024

Recent Posts

  • House plows ahead on Trump agenda after Johnson strikes deal with GOP rebels who paralyzed House

    April 7, 2025
  • Wall Street has mixed views on Microsoft after Q4 earnings: Should you sell or buy more?

    July 31, 2024
  • Syrian rights activist and cousin of Assad tears into Europe for supporting new ‘terrorist’ regime

    March 15, 2025

Editor’s Pick

  • Israel bans UN secretary-general over anti-Israel actions: ‘Doesn’t deserve to set foot on Israeli soil’

    October 2, 2024
  • Melania Trump’s call to ‘ascend above the hate’ should be rallying cry for all Americans

    July 15, 2024
  • Long UK100: anticipating a bullish breakout amid consolidation and strong support zone rejection

    July 19, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

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