President's Meeting With Drugmakers Reportedly Called Off

The video discusses the cancellation of a meeting on executive orders due to the absence of major drug lobbies. It highlights the president's recent 'most favored nation' order aimed at reducing prescription drug prices by aligning Medicare payments with the lowest prices paid by foreign governments. Critics, including drug makers and patient groups, argue that this rule could hinder innovation and access to drugs. Pharmaceutical companies were uncertain about the rule's introduction, leading to their non-participation. President Trump has given drugmakers a month to propose a better plan, but a new meeting date remains undecided.

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