What is Trump's ‘most favored nation’ drug pricing policy and how will it reduce costs? Explained

President Donald Trump on Sunday announced that he will be signing an executive order to reduce prescription drug prices in the US. The 78-year-old mentioned his ‘Most Favored Nation (MFN) drug pricing policy, saying it will bring down prices by 30% to 80%. “I will be instituting a MOST FAVORED NATIONS POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World," he wrote.