Trump Says He Will Get Drug Prices Down By 500% To 1500%
Would you like a reduction in the prices that you pay for medications? How about a 30% to 40% reduction? Or maybe a 50% to 60% reduction? Why stop there? U.S. President Donald Trump has promised an even greater reduction, a 500% to 1500% reduction. Yes, you heard that correctly. How that specifically is going to happen is unclear. But on Thursday, Trump did send letters to the heads of 17 major pharmaceutical companies pushing them to cut the prescription medication prices that Americans face down to the levels that people in other countries pay, which by the way would be around a 66% reduction.
Trump Spoke Of 600%, 1000% And 1500% Reductions in Drug Prices
Trump mentioned those, umm, interesting percentages in a July reception with members of Congress, when he declared, “This is something that nobody else can do. We’re gonna get the drug prices down. Not 30 or 40% which would be great, not 50 or 60, no. We’re gonna get ‘em down 1,000%, 600%, 500%, 1,500%.” You can see him saying this in a video that’s posted on what used to be Twitter.
He went on to say, “We will have reduced drug prices by 1,000% by 1,100, 1,200, 1,300, 1,400, 700, 600; not 30 or 40 or 50% but numbers the likes of which you’ve never even dreamed of before,” as you can see in the following video posted on X:
Frase By Forbes
Well, there’s one thing that Trump was 100% correct about: nobody else can do that. It would be hard to find someone who could get the prices of medications down by any more than 100%. And greater than 100% reductions is probably something you have never even dreamed of before, since for-profit pharmaceutical companies are usually trying to make, you know, a profit. So, make that two things.
Let’s do the math to understand what a 1500% reduction in drug prices would look like. Say a bottle of a medication currently costs $100. A 25% price reduction would bring this cost down to $75. A 100% price reduction would make the medication completely free. Any reduction greater than 100% would presumably mean that the manufacturer would have to pay you. Thus, a 200% price reduction would result in a $100 payday per bottle for you. So, if Trump can somehow get you a 1500% reduction, you may have found another way to make money besides filming YouTube videos.
