Trump says he's going to bring down Rx drug prices

[SSG Snuggle Bunny]

https://truthsocial.com/@realDonaldTrump/posts/114491534347862682

Donald J. Trump

@realDonaldTrump

For many years the World has wondered why Prescription Drugs and Pharmaceuticals in the United States States of America were SO MUCH HIGHER IN PRICE THAN THEY WERE IN ANY OTHER NATION, SOMETIMES BEING FIVE TO TEN TIMES MORE EXPENSIVE THAN THE SAME DRUG, MANUFACTURED IN THE EXACT SAME LABORATORY OR PLANT, BY THE SAME COMPANY??? It was always difficult to explain and very embarrassing because, in fact, there was no correct or rightful answer. The Pharmaceutical/Drug Companies would say, for years, that it was Research and Development Costs, and that all of these costs were, and would be, for no reason whatsoever, borne by the “suckers” of America, ALONE. Campaign Contributions can do wonders, but not with me, and not with the Republican Party. We are going to do the right thing, something that the Democrats have fought for many years. Therefore, I am pleased to announce that Tomorrow morning, in the White House, at 9:00 A.M., I will be signing one of the most consequential Executive Orders in our Country’s history. Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%. They will rise throughout the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA! I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World. Our Country will finally be treated fairly, and our citizens Healthcare Costs will be reduced by numbers never even thought of before. Additionally, on top of everything else, the United States will save TRILLIONS OF DOLLARS. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!

If this gets even close to being plausible, he will be cutting the legs out from under one of the democrat's biggest platforms. It will end them as a viable party.

Expect democrats to defend big pharma in 3...2...1...

[SVPete]

This is among the significant trade inequities. Other countries force pharmaceutical companies to choose between selling their product for little or less than no profit in order to sell in the countries' market. The pharmaceutical companies compensate by charging higher prices in the US

Like the mythical frog boiled to death, the companies don't flip off the shake-down countries and bail. Like so many companies in other industries, they have a corporate culture of working with and around mini-tyrant bureaucrats instead of fighting back. The other side of the coin, though, is that fighting bureaucrats in your major marketplace(s) can be corporate self-harm or suicide.

[Old n Grumpy]

It really amazes me how much drugs cost. I started looking up the cost of some of the drugs they advertise on tv and can’t believe the cost is in the thousands of dollars. You must have to have a gold plated insurance to get them