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The speaker's administration will implement "most favored nations" drug pricing, ensuring Americans pay the lowest price for drugs compared to other developed countries. Some prescription drug prices will be reduced almost immediately by 50% to 90%. Big Pharma must voluntarily comply or the federal government will ensure equal pricing. To accelerate price reductions, the administration will cut out the middlemen to facilitate direct drug sales to American citizens at the most favored nation price. The speaker believes the middlemen are worse than drug companies because they don't make a product but make a fortune.

Speaker 1: Medicare will now cap the cost of insulin at $35 a month for seniors, with some plans offering it for free. This is a significant reduction from the previous price of $400 to $500 a month. Eli Lilly, the largest insulin manufacturer in the US, has agreed to this price reduction. House Democrats discussed their efforts to negotiate lower drug prices and make healthcare more affordable, including capping insulin costs at $35 a month for all Americans. Meanwhile, House Republicans focused on the impeachment inquiry against President Biden, which they believe is a partisan political move without evidence of wrongdoing.

One breast cancer drug costs over $16,000 per bottle in America. The same drug, from the same factory and company, costs one sixth the price in Australia. In Sweden, the identical product costs one tenth the American price.

The speaker states they capped prescription medication costs at $2,000 annually for seniors and insulin costs at $35 for seniors. They highlight that Black individuals are 60% more likely to be diagnosed with diabetes. The speaker claims that another plan would eliminate the insulin cost cap.

Former President Trump claims that he was the only president to take on big pharma, but Joe Biden canceled his toughened pharmaceutical policies. Trump signed an executive order to ensure that the US government pays the same price for pharmaceuticals as other countries, saving American patients billions of dollars. However, Biden reversed this order, allowing other countries to negotiate lower prices while Americans pay high prices. Trump promises that if he is reelected, he will sign an executive order to end this unfair practice and make Big Pharma lower prices for American patients. He believes that rescinding his original order shows the power of Big Pharma, but he is determined to deliver savings for seniors and all American patients.

I am implementing a rebate that cuts out the middlemen in the drug industry, reducing costs and benefiting the people purchasing the drugs. Despite facing opposition from wealthy individuals, I believe this is our only opportunity to make a change. No other president would take the steps I am taking, such as implementing favored nations and buying from other countries at lower prices. These actions have made a lot of rich people unhappy, but I am determined to prioritize the well-being of the people over their profits.

The administration will secure "most favored nations" drug pricing, meaning Americans will pay the lowest price for drugs paid in other developed countries. Some prescription drug prices will be reduced almost immediately by 50 to 90%. Big Pharma will either abide by this principle voluntarily, or the federal government will ensure Americans pay the same price as other countries. To accelerate price reductions, the administration will cut out the middlemen and facilitate the direct sale of drugs at the most favored nation price directly to American citizens. The middlemen are considered worse than the drug companies because they don't make a product but make a fortune.

Under Biden, there has been a significant increase in shortages of essential medicines, with a 30% rise in new drug shortages last year alone. Currently, there is a shortage of at least 14 critical cancer drugs in the US. Delaying cancer treatment by a month increases the risk of death by 10%. It's shocking that this is happening in the US in 2023. China is the top producer of critical medicines, supplying 95% of Ibuprofen, 91% of Hydrocortisone, 70% of Tylenol, and almost half of all penicillin. This poses a national security crisis, not just a public health crisis. To achieve independence from China, I will implement tariffs and import restrictions to bring back production of essential medicines to the US, creating new American jobs.

Under Biden, there has been a catastrophic increase in shortages of essential medicines. Last year, new drug shortages were up by 30%, with 295 shortages by the end of 2022 alone. There is currently a shortage of critical cancer drugs in the US, which increases the risk of death by at least 10% with each month of delay. This is unacceptable in 2023. China is the top producer of critical medicines, supplying 95% of Ibuprofen, 91% of Hydrocortisone, 70% of Tylenol, and almost half of all penicillin. This poses a national security crisis. To address this, I will implement tariffs and import restrictions to bring back production of essential medicines to the US, creating new American jobs.

I am implementing a rebate that cuts out the middlemen in the drug industry, reducing costs and benefiting the people who purchase the drugs. This has made me a target for wealthy individuals who are not pleased with my actions. However, I believe that we have a unique opportunity to make a change that no other president would dare to do. By implementing a favored nations approach and buying drugs from other countries at lower prices, we can further reduce costs. Despite the opposition from these rich individuals, I am determined to continue with this initiative.

About a third of Medicare and Medicaid spending, and likely a lot of private sector spending, doesn't go to good healthcare. The challenge is eliminating waste, fraud, and duplication without affecting good care. The speaker references instances of seeing inflated charges on medical bills for minor procedures. Eliminating waste, fraud, and abuse in Medicare means cutting some spending. The speaker disagrees with the idea that no money can be cut from Medicare. If a third of Medicare spending doesn't go to patient care, then cuts are necessary. The speaker believes there can be common ground in cutting the "bad stuff" while keeping the "good stuff." The Republican Party has historically stood for eliminating waste, fraud, and abuse, but now there seems to be resistance to this idea.

I aim to eliminate middlemen and reduce costs in the pharmaceutical industry, allowing the money saved to benefit drug purchasers. Unlike drug companies, who produce tangible products, these middlemen do not contribute in the same way. My enemies, who are wealthy individuals, are displeased with my actions. However, I believe this is our only opportunity to make a change, as no other president would take such steps. This may be my last appearance for a while.

Politicians have long promised to eliminate the discrepancy between drug prices in the U.S. and Europe. This was a key issue for Bernie Sanders, but previous leaders haven't acted on it. Politicians make these promises knowing they likely won't have to fulfill them. The reason is that Congress is heavily influenced by the pharmaceutical industry. There is at least one pharmaceutical lobbyist for every congressman, senator, and Supreme Court member.

We're paying too much for drugs compared to other countries, and existing laws make it hard to lower costs. The middlemen in the drug industry are profiting significantly without adding value. We're going to eliminate these middlemen to reduce drug prices to unprecedented levels. This topic dominated our discussions with executives and others involved.

One breast cancer drug costs Americans over $16,000 per bottle. The same drug, from the same factory, manufactured by the same company, costs one-sixth the price in Australia. In Sweden, the identical product costs one-tenth the price.

I'm heading to Capitol Hill. They’re voting on the Shutdown Fairness Act today, but I figured something out. I think I understand why this shutdown is happening: why would the Democrats shut down the government, depriving federal workers and the military of pay and food, and depriving the military of their health care through Tricare? It doesn’t make sense. It has nothing to do with it being the far left or against Trump. It has to do with the insurance companies. The people responsible are insurance companies like United Healthcare, Aetna, Molina, Kaiser. They are getting paid every single month from the treasury, even as the government is shut down. So the insurance companies are getting mandatory payments while federal workers and the military get nothing. This isn’t about health care in the abstract; it’s about dark money from billion-dollar insurance companies. If they lose the ACA credits for next year, they won’t get any of that money. Tax credits are paid on behalf of the insured, and they go directly to the insurance companies. That’s why Democrats are fighting so hard on this: it has nothing to do with people’s premiums per se. It has to do with the insurance companies not getting billions and billions of dollars in January and next year. The shutdown, to me, finally makes sense: it’s about the billion-dollar insurance companies. And so much of the Democrats’ talking points—about premiums—miss the point. These are not market rates; they’re set by the insurance companies. They’re the ones deciding to keep people without health care. The government isn’t the main bottleneck; if anything, the government is helping the problem. The problem is the insurance companies. They set premiums, and their providers own hospitals and set obscene rates for procedures, profiting off the hospitals. This entire shutdown is about dark money from corporations like United Healthcare, Aetna, Kaiser, Molina, and their influence on our politicians. That’s why the government is shut down right now. The idea that Democrats might be acting because insurers threaten to withhold funding for reelection finally clicks. It’s all about health insurance companies, not about people trying to access health care. If the goal were to make access to care cheaper, they would force insurers to quit raising premiums and put a cap on those premiums every year.

I've identified wasteful spending in Medicare, specifically with generic Cialis, or Tadalafil. In 2022, Medicare spent $237 million on this drug, averaging $481 per prescription across 492,000 prescriptions. However, at my pharmacy, the same prescription costs only $14 without insurance. That means it would only cost $7 million to cover the entire country at my pharmacy's pricing. The overcharge of $230 million for just this one drug is due to pharmacy benefits managers (PBMs). PBMs manage all pharmacy-related aspects for Medicare, deciding coverage, copays, government costs, and pharmacy payments. They've essentially decided on a 3000% markup. It's time to fire the PBMs and bring prices back to reality. To check the markups on your prescriptions, visit forestparkpharmacy.com and use our price checker.

I'm committed to making America healthier than other countries. Will you guarantee the same healthcare coverage that other major countries provide? Corruption isn't just in federal agencies; it's in Congress too. Many members here, including you, accept millions from the pharmaceutical industry to protect their interests. I ran for president and received millions in contributions, but none came from pharmaceutical executives or PACs. My support comes from workers, not corporate interests. You were the largest recipient of pharmaceutical donations in 2020. No, I received support from workers across the country, not from corporations. You still haven't answered the last question.

We can eliminate debt, provide childcare, elder care, and strengthen healthcare. Everyone should have access to the same benefits as during COVID. President Biden is thanked for beating Medicare. President Trump is criticized for destroying it.

Politicians have long promised to address the discrepancy between drug prices in the U.S. and Europe. This issue was central to Bernie Sanders' presidential campaigns. However, these promises were never fulfilled because Congress is heavily influenced by the pharmaceutical industry. There is at least one pharmaceutical lobbyist for every member of Congress, the Senate, and the Supreme Court.

As a presidential candidate, the speaker plans to set drug prices based on fair market value, charging American consumers the average global price for drugs. For example, insulin prices would be impacted. If companies don't cooperate, the speaker intends to address drugs developed with federal funding. For any drug that benefited from taxpayer-funded research and development, and where companies fail to comply with pricing rules, the speaker will seize their patent. The speaker asserts this action is permissible and expresses the determination to execute it.

Former President claims to have taken on big pharma with tough policies, but accuses President Biden of canceling them. He signed an executive order to ensure the US government pays the same price for pharmaceuticals as other countries. However, Biden rescinded this order, allegedly betraying patients and seniors. The US has been paying high prices for drugs while other countries negotiate lower prices. The former President promises to end this by signing an executive order that will only pay the best price offered to foreign nations. This will supposedly force big pharma to raise prices for other countries and reduce prices for American patients, resulting in significant savings.

Like hydroxychloroquine and ivermectin are no are out of patents. So because they're out of patents, you cannot make any money on these drugs. The most you could sell them for is, $300 Pharmaceutical companies are no longer interested in $300 drugs. They're interested in orphan drugs where they can get name your price for a drug. We're going to put it under an orphan and now we can bill whatever we want. From like $300 to $10,000 a month. Then all these companies started copying and doing biologic at $10,000 a month. But there is a movement that is controlling the research and stopping innovations, that is stopping out of patent drugs, drugs that are basically like hydroxychloroquine and ivermectin. So I think that's the number one thing and the attacks on that.

Americans pay significantly more for prescription drugs than other countries, sometimes up to 10 times more. Pharmaceutical companies generate two-thirds of their profits in the U.S., effectively making Americans subsidize healthcare in other countries. The administration is introducing a "most favored nation" pricing model, ensuring the U.S. pays the lowest price available globally for drugs. For example, a breast cancer drug costing over $16,000 in the U.S. is a fraction of that price in Australia and Sweden. Similarly, an asthma drug costs almost $500 in the U.S. but less than $40 in the UK. The plan involves directing investigations into foreign nations that block drug products unless they accept low prices, and the U.S. will defend drug companies from unfair pricing demands. The administration aims to cut out middlemen and facilitate direct drug sales at the most favored nation price. If companies don't comply, the U.S. will use its trade powers and open the market to safe, legal drug imports.