WASHINGTON—President Trump on Sunday said he would sign an executive order aimed at lowering the cost of prescription drugs, looking to implement a policy that ties U.S. drug prices to what other countries pay.

U.S. President Donald Trump said on Sunday he would sign an executive order that he said would reduce prescription drug and pharmaceutical prices by between 30% and 80%. In a post on Truth Social, Trump said he would sign the executive order on Monday morning.

President Donald Trump unveiled plans Sunday for a new policy on pharmaceuticals he claimed would reduce US prescription drug prices by between 30 and 80 percent. Trump said he planned to institute a "MOST FAVORED NATION'S" policy that pinned the cost of drugs sold in the United States to the lowest price paid by other countries for the same drug.

WASHINGTON—House Republicans are releasing their plan to cut Medicaid spending, with the program’s defenders in the GOP appearing to win the intraparty clash over how aggressively to change the system that provides health insurance to more than 70 million low-income and disabled people.

New Mexico Governor Michelle Lujan Grisham issued a stark warning that if Republicans in Congress and the Trump White House cut Medicaid, "People will die. Children will die." She is joined by other Democrats who are raising the alarm about the planned cuts.

A federal Medicaid work requirement could lead to as many as 5.2M adults aged 19 to 55 losing eligibility, according to the Urban Institute.