In signing an executive order aimed at reducing U.S. drug prices, President Donald Trump said some prices would be cut in half or more "almost immediately." But the order is light on details of how the plan would be implemented.

Countries with universal healthcare systems have stronger bargaining power, which has allowed them to effectively negotiate lower drug prices.

A Democrat introduced legislation in Congress to codify President Donald Trump’s executive order to reduce drug prices. Rep. Ro Khanna (D-CA) announced his intentions on the House floor on Wednesday,