Trump promises to cut drug prices by 1,500%—then doubles them instead
I swear that Hollywood’s most talented writer could not find this script.
Start with President Donald Trump by doing the Mathematically impossible promise To reduce prices by 1,000%.
“We have something to come, the favored nations, where I will reduce the prices of drugs from 1,400 to 1,500%,” he said at the end of August.
And again last week, Trump said: “We are going to reduce the prices of medicines to a level that no one – not 20%, 30% – to 1,000%. Because, you know, we sometimes pay 10 times more than other nations, and we don’t do it anymore. ”
If you withdraw the price of a drug to zero, it is a reduction of 100%. Everything that is beyond that plunges into negative numbers. Did Trump really promise that pharmaceutical companies pay People to take their drugs? Of course not. He’s just so deeply stupid.
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Now, it is true that drugs in the United States are much more expensive than abroad. Republicans – and some Democrats – have long blocked the reinforcement of cheaper Canadian drugs. And Canada is not delighted either. Great pharmaceutical lobbyists, ridiculously, claim That importing identical drugs on the other side of the border is a health risk.
On his credit, Trump has constantly made noise on the drop in prices, even during his first mandate, but he has still not been enough to reduce lobbyists of Big Pharma. But the truth is that Trump doesn’t really care. He does not have to worry about providing prescriptions, either his family either.
And yesterday, he proved it again by announcement On social truth a plan that double Many prices of prescription drugs.
From October 1, 2025, we will impose a 100% price on any brand pharmaceutical or patented product, unless a company builds its pharmaceutical manufacturing plant in America. “The building is” will be defined as a “rupture plot” and / or “under construction”. There will therefore be no rate on these pharmaceutical products if the construction has started. Thank you for your attention to this question!
Thus, in a week, if foreign manufacturers have not purchased land, established plans, guaranteed permits and Americans, the Americans will pay the price.
A 2019 Government accounting office study found that more than 60% of drug manufacturers for the American market were located abroad during the 2018 financial year. Likewise, Food and Drug Administration estimated that around 40% of finished drugs and 80% of active drug ingredients are produced abroad.
Trump has promised to reduce prices “Day 1”. Instead, it is about to double prices on one of the most expensive line articles in the budgets of many families. Without forgetting, the impact on social security, health insurance, health insurance and veteran resources could be catastrophic.
And it’s real mathematics.
