US health authorities to set targets for lowering drug prices

The U.S. Department of Health and Human Services said on Tuesday it would set drug prices pegged to the lowest level paid by other high-income countries following an executive order from President Donald Trump last week aimed at lowering the prices of branded medicines for U.S. consumers.

HHS wants to implement so-called most-favored-nation pricing under which U.S. prescription drug prices would drop to the lowest possible price paid by countries that are members of the Organisation for Economic Co-operation and Development, which includes most of the world's largest economies.

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