(CNN) President Donald Trump unveiled two controversial rules on Friday aimed at reducing drug prices -- a last-ditch effort to fulfill a key 2016 promise that immediately sparked legal threats from the pharmaceutical industry and condemnation from Democrats. If the two measures announced Friday survive legal challenges, they will radically transform the nation's drug price system. One will have Medicare pay the same price for certain expensive prescription drugs as other developed nations, a "most-favored-nation price." Instead, drug companies will be encouraged to pass the discounts directly to patients at the pharmacy counter. During a 22-minute press conference, Trump ran through a laundry list of drug price efforts his administration undertook in his four years in office.

Source: CNN November 20, 2020 23:37 UTC