KEY POINTS

President Donald Trump is demanding that pharmaceutical manufacturers reduce their prices.

Seventeen drug companies received a letter regarding disparities in U.S. drug prices compared to other nations.

The most-favored nation policy urges manufacturers to charge the lowest prices offered in other developed nations.

President Donald Trump is pushing pharmaceutical manufacturers to reduce prescription drug prices in the U.S. to the lowest prices offered in other developed nations. And he’s pushing hard.

That price is called the most-favored-nation price. And Trump sent the CEOs of 17 different pharmaceutical companies a letter Thursday that warned if they “refuse to step up,” the federal government will take action and “deploy every tool in our arsenal to protect American fa

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