May 12,2025

Wyden Statement on Trump Drug Pricing Announcement

Washington, D.C. — Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement after Donald Trump signed an executive order related to prescription drug prices.

“Donald Trump is all hat and no cattle when it comes to lowering the price of prescription drugs,” Wyden said. “Trump spent his entire first term blathering about Big Pharma, but in the end he always backed down instead of fighting for American seniors and families. Democrats took on Big Pharma and won by finally giving Medicare the power to negotiate lower drug prices on behalf of seniors and capping their out-of-pocket costs for expensive prescriptions. If Trump was serious about lowering drug prices, he would work with Congress to strengthen Medicare drug price negotiations, not just sign a piece of paper.”

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