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Text of Executive Order 13948: Lowering Drug Prices by Putting America First
Executive Office of the President Link to more items from this source
[Official Guidance]
Sept. 14, 2020

"To the extent consistent with law, the Secretary of [HHS] shall immediately take appropriate steps to implement his rulemaking plan to test a payment model pursuant to which Medicare would pay, for certain high-cost prescription drugs and biological products covered by Medicare Part B, no more than the most-favored-nation price. The model would test whether, for patients who require pharmaceutical treatment, paying no more than the most-favored-nation price would mitigate poor clinical outcomes and increased expenditures associated with high drug costs."

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