Trump Administration Releases, Revokes, and Reissues “Most-Favored-Nation” Executive Order

Trump Administration Releases, Revokes, and Reissues “Most-Favored-Nation” Executive Order

September 15, 2020, Covington Alert

The Trump Administration has released the much-anticipated executive order entitled “Lowering Drug Prices by Putting America First” (commonly referred to as the “Most-Favored-Nation” or “MFN” executive order). President Trump initially had announced the MFN executive order during his July 24, 2020 press conference highlighting four separate executive orders aimed at drug pricing. However, while the other three executive orders (involving drug importation, PBM rebates, and the cost of insulin and injectable epinephrine for certain individuals) were released immediately, President Trump stated he would withhold the MFN executive order pending negotiations with industry on potential alternatives.