Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Politics

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

by May 15, 2025
May 15, 2025
Dems divided on Trump’s executive order aimed at slashing drug prices

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
FacebookTwitterGoogle +Pinterest
previous post
Trump makes historic UAE visit as first US president in nearly 20 years
next post
House Dems open investigation into Trump’s acceptance of $400 million jet from Qatar

You may also like

Justice Alito says he spoke with Trump about...

January 9, 2025

Ukraine enters fourth year of war with Russia:...

February 24, 2025

2 Americans released in exchange for Taliban prisoner

January 21, 2025

Legal experts warn that latest Supreme Court leaks...

September 16, 2024

Trump finds new leverage in Ukraine fight with...

September 29, 2025

‘He’s not a big factor’: Trump’s Senate allies...

June 5, 2025

Who is Karoline Leavitt?: A look at the...

November 30, 2024

The Hitchhiker’s Guide to potentially releasing the Ethics...

November 15, 2024

Trump, Harris neck and neck in battleground states...

October 24, 2024

Elon Musk posts ‘Kill Bill’ meme in latest...

June 4, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Federal judge to sentence Justice Brett Kavanaugh’s attempted assassin

      October 3, 2025
    • Hawley blasts FDA approval of new abortion drug, cites safety and trust concerns

      October 2, 2025
    • The agency staff Vought might recommend cutting and whether the cuts will be permanent

      October 2, 2025
    • FLASHBACK: James Comey urged officials to always prosecute high-profile perjury cases

      October 2, 2025
    • Trump’s DOGE savings dwarfed by Medicare, Social Security spending, watchdog finds

      October 2, 2025
    • Reagan-appointed judge, once rebuked by Supreme Court, continues to lambaste Trump

      October 2, 2025

    Categories

    • Business (809)
    • Investing (661)
    • Politics (5,799)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.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 WhaleLargeCapital.com | All Rights Reserved