9 months ago
Trump Claims Historic Drug Price Drops Without Evidence
President Trump said that drug prices in the US have dropped a lot, like 500%, 600%, or even 700%.
He said this happened because of a policy called 'favored nations status.'
But he didn't show any proof.
He also said this is a big deal for healthcare and might help Republicans in the midterm elections.
A few days ago, Medicare said they negotiated lower prices for some expensive drugs, which could save about $8.5 billion.
This negotiation was allowed by a law passed when President Biden was in office.
President Trump claimed drug prices in the US have dropped by 500%, 600%, or 700% due to favored nations status.
Trump did not provide any data or evidence to support his claims.
Medicare announced negotiated prices for 15 costly drugs, saving 36% or $8.5 billion.
The negotiations were established under President Biden's Inflation Reduction Act of 2022.
Trump attributed the price drops to his administration's policies and predicted electoral gains.
- Who
- US President Donald Trump
- What
- Claimed historic drug price drops without providing evidence
- Where
- United States
- When
- Saturday (specific date not mentioned)
- Why
- To highlight his administration's policies on drug pricing
Key facts
- Claimed Price Drops
- 500%, 600%, 700%
- Policy Cited
- Favored Nations Status
- Medicare Savings
- Negotiated Drugs
- 15 costliest drugs
- Savings Percentage
- 36%
Quotes
Donald Trump
President of the United States
“No other President has been able to do this, BUT I HAVE! This is also the answer to much less expensive, and far better, HEALTHCARE! Republicans, remember, this was done by us, and nobody else.”
livemint.com
“If this story is properly told, we should win the Midterm Elections in RECORD NUMBERS. I AM THE AFFORDABILITY PRESIDENT. TALK LOUDLY AND PROUDLY.”
livemint.com




