Americans pay significantly more for prescription medications, with branded drugs in the U.S. costing about three times more than those in other countries.

The cost of prescription drugs have risen rapidly despite policymakers pledging to fix the issue. They climbed nearly 40% since 2014, according to data from GoodRx.

On the heels of President Donald Trump’s Monday announcement of an executive order that will slash prescription drug prices in the U.S., the spotlight is on current costs and how much Americans could save.

President Trump will hold a press conference Monday morning with Health and Human Services Secretary Robert F. Kennedy Jr. to announce an executive order to cap prescription drug and pharmaceutical prices at the lowest cost offered in any other country.

Trump's executive order sets a deadline for drugmakers to lower the cost of prescription drugs in the U.S. or face new limits on what the government will pay.

Medicare alone spends hundreds of billions of dollars on prescription drugs, meaning there could be substantial savings for taxpayers if drug prices drop.

Walgreens aims to free up time for pharmacy staff, reducing their routine tasks and eliminating inventory waste.

Robert F. Kennedy Jr. cited Bernie Sanders' 2016 and 2020 White House campaign plans on prescription drugs to highlight Trump's efforts in 2025.