Trump promises immediate sweeping cuts to drug prices in his ‘most important and impactful’ Truth Social post

The president will sign an executive order next week he promises will reduce prescription drug prices by up to 80 percent “almost immediately,” Donald Trump announced on Sunday on Truth Social.

Earlier in the day, Trump heralded the announcement as “one of the most important and impactful” of his career.

The president said the order, to be signed Monday morning, will institute a “most favored nation’s” policy, where the U.S. will buy drugs at a price matching the lowest rate paid by a country for each medicine.

“Our Country will finally be treated fairly, and our citizens’ Healthcare Costs will be reduced by numbers never even thought of before,” Trump said in his announcement, claiming, “We are going to do the right thing, something that the Democrats have fought for many years.”

The announcement did not detail how Trump plans to implement his plans or achieve such rapid savings.