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How Trump plans to lower drug prices in US

How Trump plans to lower drug prices in US


ARE WE GOING TO BE SEEING LOWER DRUG PRICES HERE IN THE UNITED STATES OF AMERICA. THIS IS SOMETHING THAT THE PRESIDENT CAMPAIGNED ON REPEATEDLY, HEALTH AND HUMAN SERVICES SECRETARY ALEX AZAR SAYING THAT SOMETHING THE PRESIDENT ASKS HIM ABOUT DAILY. HE STARTS AND ENDS THE CONVERSATION HOW WE GET THESE DRUG PRICES DOWN. ONE OF THE THINGS WE HEARD THE PRESIDENT BRING UP, FORMER HEALTH AND HUMAN SERVICES SECRETARY, MR. LEVITT, MICHAEL LEAVITT EXPLAINED TO US AS WE WENT INTO THAT SPEECH BY THE PRESIDENT IS THAT EUROPEANS ARE PAYING FAR LESS FOR THE EXACT SAME DRUGS. IF WE HAVE A HIGHLIGHT FROM THAT SPEECH, HERE IS THE PRESIDENT INDEED MAKING THAT POINT. WE’LL HANG TIGHT ON THAT. WHEN WE HAVE THAT WE’LL BRING IT TO YOU. EFFECTIVELY SAID YOU CAN GO OUT TO BUY THE EXACT SAME PILL IN EUROPE EXACT SAME THING AND IT WILL COST AWE FEW DOLLARS WHERE HERE IN THE UNITED STATES OF AMERICA IT COSTS YOU A FEW HUNDRED DOLLARS. WHY IS THAT AND HOW DO WE FIX THAT? WHY SHOULD THE U.S. BE SUBSIDIZING THE REST OF THE WORLD. JOINING ME WITH REACTION, FAMILY AND EMERGENCY MEDICINE DOCTOR, JENETTE AND HERITAGE FOUNDATION SENIOR FELLOW. GOOD TO SEE YOU BOTH. HOW IS THAT? WHY IS IT THAT? IN SWITZERLAND AND WE’RE SHOWING EVERYBODY THE NUMBERS, THEY ARE PAYING FAR LESS FOR SOMETHING THAN YOUR PATIENTS, DR. JENETTE, ARE?>>THAT IS A GREAT SPEECH, MUSIC TO MY EARS WHAT THAT MEANS MY PATIENTS WILL LIVE LONGER AND BE ABLE TO AFFORD THEIR MEDICATIONS. ONE THING PRESIDENT TRUMP SAID WE’RE GOING TO ELIMINATE THE MIDDLEMAN. THAT PROBABLY MEANS THE PBMs, THE PHARMACY BENEFIT MANAGERS ARE TAKING REBATE SAVINGS THOSE IN OTHER COUNTRIES DON’T HAVE. IN THE OTHER COUNTRIES THE GOVERNMENT DIRECTLY NEGOTIATES PRICES WITH THE PHARMACEUTICAL PRICES WHICH IN OUR COUNTRY WE CAN NOT DO THAT. THAT IS ILLEGAL FOR THE FEDERAL GOVERNMENT TO DIRECTLY NEGOTIATE, MEDICAID DIRECTLY NEGOTIATE PRICES WITH THE PHARMACEUTICAL COMPANIES. SO THAT DEFINITELY MAY PLAY A ROLE. IT IS UNFAIR. I’M HAPPY TO SEE IT CHANGESES OUR OWN WAY. TRISH: IT IS ILLEGAL FOR US TO NEGOTIATE WITH PHARMACY COMPANIES, BECAUSE AS SECRETARY LEAVITT SAID, CONCERNED ABOUT THE FEDERAL GOVERNMENT FACING WINNERS AND LOSERS?>>EXACTLY. I LOVE THE FACT THAT OUR PRESIDENT TOUTED THE IDEA OF THE FEDERAL GOVERNMENT DIRECTLY NEGOTIATING WITH PHARMACEUTICAL COMPANIES AND DIRECTLY ELIMINATING THE PBMs. WE HAVE THE MOST ADVANCED TECHNOLOGY IN THE WORLD. YET I HAVE PATIENTS HAVING TO DECIDE SHOULD SHE SPEND THEIR MONEY ON THEIR MEDICATION OR FOOD? THAT IS HEART-BREAKING TO ME. IF YOU DON’T HAVE CANCER OR DIABETES MEDICINE IT, CAN BE LIFE-THREATENING. THIS IS DETRIMENT AL TO IMPACT OF MANY PATIENTS IN THE COUNTRY. TRISH: IT IS WILD TO THINK THAT. IN A COUNTRY WITH SO MANY ADVANTAGES AND WONDERFUL STANDARD OF LIVING THAT PEOPLE ARE PUT IN THAT POSITION. HERE IS THE PRESIDENT, ED. I WANT YOUR REACTION WHAT HE SAID. LISTEN HERE.>>WHEN FOREIGN GOVERNMENTS EXTORT UNREASONABLY LOW PRICES FROM U.S. DRUGMAKERS, AMERICANS HAVE TO PAY MORE TO SUBSIDIZE THE ENORMOUS COST OF RESEARCH AND DEVELOPMENT. IN SOME CASE, MEDICINE THAT COSTS A FEW DOLLARS, IN A FOREIGN COUNTRY, COSTS HUNDREDS OF DOLLARS IN AMERICA, FOR THE SAME PILL, WITH THE SAME INGREDIENTS IN THE SAME PACKAGE, MADE IN THE SAME PLANT. THAT IS UNACCEPTABLE. TRISH: ED, HOW DO WE CHANGE IT?>>WELL I THINK IT IS INTERESTING THAT THE PRESIDENT IS TALKING ABOUT THIS AS TRADE ISSUE. IN SOME WAYS I REALLY STRIKES ME AS EXACTLY RIGHT. THIS IS SAM COMPLAINT ABOUT THE EUROPEANS NOT CARRYING THEIR FAIR SHARE OF NATO, FOR EXAMPLE. WHAT IS GOING ON HERE. WHAT IS INTERESTING HE USED THE WORD EXTORT. THAT IS WHAT IS HAPPENING. A COUNTRY SAYS TO THE U.S. DRUGMAKER, WE WON’T COVER YOUR DRUG. WE WON’T OUR CITIZENS HAVE ACCESS TO YOUR MEDICINE UNLESS YOU PROVIDE US WITH A MUCH LOWER PRICE. IF THAT WAS ANY OTHER PRODUCT, I THINK WE WOULD CALL THAT A UNFAIR TRADE PRACTICE. THERE ARE VERY INTERESTING THINGS GOING ON THERE. TRISH: INDEED. IT IS INTERESTING, RIGHT? THAT THIS IS BECOMING IN FACT A TRADE ISSUE DR. JENETTE? IT IS ALL FAST NATING. HOW DO YOU LOWER PRICES, MAINTAINING COMPETITIVE ENOUGH SPIRIT MAINTAINING INDUSTRY WHERE COMPANIES ARE REWARDED FOR CREATING DRUGS. THE IT IS INTERESTING THAT THE U.S. IS THE SUPREME SECTOR, AND THERE IS LOT OF FINANCIAL REWARD. IF YOU’RE STARTING A DRUG COMPANY OVERSEAS, YOU WILL NOT MAKE AS MUCH AS SELLING IT HERE IN THE U.S.? HOW DO YOU PRESERVE THE WILLINGNESS TO INVEST IN RESEARCH AND R&D AND NOT MAKING SURE CONSUMERS ARE GETTING STUCK WITH THE HIGHEST PRICES IN WORLD?>>LIKE THE PRESIDENT SAID, COMPLICATED PROCESS. THAT IS IMPORTANT AS WELL AS TRANSPARENCY. IMPORTANT TO NOTE WHAT YOU’RE PAYING FOR. WHY ARE HIDDEN FEES. IT IS IMPORTANT FOR PATIENTS TO BE INFORMED AND AWARE, THEY CAN SHOP AROUND. THEY CAN LOOK FOR OTHER PRICES. CHEAPER PRICES. THEY SHOULD ASK FOR GENERICS. THEY SHOULD ASK FOR 90-DAY SUPPLY, MAIL-ORDER PHARMACY. UNFAIR TO PATIENTS AND CONSUMERS, TO NOT HAVE ALL THE OPTIONS PRESENTED TO THEM. TRISH: WHAT ABOUT THAT GAG RULE.>>YEAH. TRISH: THAT’S HORRIBLE. THE IDEA, ED, THAT A PHARMACIST IS NOT ALLOWED TO SAY, HEY, THERE IS COUPON FOR THIS. MAYBE IF YOU TRY BUYING IT FROM SOME OTHER PLACE YOU WILL GET A BETTER DEAL?>>IT IS INTERESTING THAT YOU BROUGHT THAT UP BECAUSE ONE OF THE THINGS ABOUT THIS WHOLE ISSUE AND THE PRESIDENT’S PACKAGE IS SOME THINGS ARE DESIGNED TO LOWER COST OF DRUG THEMSELVES. BUT THERE ARE OTHER THINGS DESIGNED TO BE MORE TRANSPARENT OR LESS COSTLY TO THE PATIENT. SO, FOR EXAMPLE, I WAS READING A STUDY THE OTHER WEEK THAT SHOWED THE, THERE WAS ESTIMATING HOW MANY OF THESE INSURANCE PLANS HAVE CO-PAYS THAT ARE HIGHER THAN THE COST OF BUYING THE GENERIC DRUG YOURSELF. TRISH: OH, MY GOODNESS.>>I THOUGHT THAT WAS VERY — THAT IS WHAT YOU’RE TALKING ABOUT, THAT YOU CAN’T BE TOLD THAT. I THOUGHT THAT WAS VERY INTERESTING BECAUSE I PERSONALLY HAVE THROUGH MY EMPLOYER I PICK THE HEALTH SAVINGS ACCOUNT APPROACH. WHEN I GET A GENERIC DRUG REFILLED, INSTEAD OF HAVING A $15 CO-PAY, I PAY $8.49 FOR THE DRUG UNTIL I MEET MY DEDUCTIBLE, THEN THE PLAN PAYS FOR IT. SOME OF THIS IS NOT ABOUT THE ACTUAL PRICE OF THE DRUG. WE GET TO THE MIDDLEMAN. WHAT DOES THE PATIENT PAY. SAME THING WITH SPECIALTY DRUGS. IF YOU SEE A FORMULARY, THIS FOR GENERIC, AND BRANDED CO-PAY, SPECIALTY DRUG, WHAT IS SPECIALTY DRUG? OFTEN BUT INSURANCE PLANS DON’T SAY, WELL, YOU HAVE A HIGHER COPAY BECAUSE IT’S A SPECIALTY OPERATION AS OPPOSED TO A REGULAR OPERATION. TRISH: TRULY WE NEED COMMON SENSE. SAY, LOOK, THIS IS WHAT IS NEEDED, WE NEED TO LOOK OUT FOR THE AMERICAN PEOPLE, WE NEED TO LOOK OUT FOR DR. JANET’S PATIENT

Comments (69)

  1. Yes!! Get rid of the middle man (PBM's). And do the same with the massive leeching managed healthcare industry (HMO's). The growth in the managed care industry (due to 80's Clinton legislation) caused prices to skyrocket.

  2. The question is when is going to prosecute the Pharma due to killing Americans

  3. That lying pile of shit is not gone do shit to these big business big cooperation billionaires he and his.patty's going after your healthcare social security medicare and medicare in the end you and I will pay the cost keep thinking this man gives a fuck about you while the base fight for rebel flags he fucking them over with tax cuts for the rich while they work two three jobs at stagnant wages

  4. Like those from Novartis who "pay asshole Trump to play"

  5. Shanghai and Honk Kong market possible have better profit for investors then US stocks market.

  6. Obama should have won another Nobel prize simply by criticizing drug companies while doing nothing about it.

  7. Trump will drop all this when he and Cohen get their fat check from the drug companies.
    He is running a protection racket out of the White House.

  8. Thank you once again Trump for watching out for the well being of Americans. Trump 2020, Republicans 2018

  9. So I have to go without my medication and suffer in pain because other countries pay a few bucks for the same medication that I have to pay $250 for?! Why can't I get it for the price that Europe pays for it? This is wrong on SO many levels! These drugs should cost less in their originating country, not hundreds to thousands of times more! This is SO angering, especially when I'm suffering while other countries get to have what I need, CHEAP.

  10. Trump should introduce the WATER SMACKER, no need for drugs.

  11. Its called free market. Plan on prices going up with PBM's going away.Foreign countries have socialized medicine. The HMO's are charging more for co-pays.

  12. Leave big Pharma's drugs and alone .. go with pure foods and pure water .. live healthier and longer.

  13. Trump lawyer Cohen took 1.2 Million from a Big Pharma company . FACT TODAY .

  14. Europe negotiates its prices. Thats why its cheaper. We should too

  15. Apeal the pharma act get the government out of the fda control

  16. Trump wont do anything about it. Give him a week and he will forget everything he said. He is a coward. Did he stand up to the NRA like he said he was going to do?! No way because he is spineless.

  17. Pharma=big rip-off and killers

  18. Get the f*****g commercials off the tube! How much will that alone save?

  19. Something off about the blonde presenter there. Her affect is off.

  20. CRUSH THE PHARMACEUTICAL BENEFIT MANAGERS AND PROBLEMS SOLVED. THE CEO'S IN PBM'S
    MAKE 8-FIGURE SALARIES.

  21. finally , the pharma mafia

  22. Oh my god so foreign companies are extorting our drug companies. Let’s slap sanctions on them so our pharma can get their money and then they can reduce prices in the US. Trump is a genius.

  23. It is a great step to affordable healthcare. Cut off the middleman and the subsidizing of foreign market and start SUBSIDIZING medication to locals.

  24. Can't wait to hear the left scream about this and how it's bad

  25. When conservatives get into power, cost of goods always go up, FACT!

  26. Ok, correct me if I'm wrong, but don't countries like Sweden have lower drug costs because of socialized medicine and single payer healthcare?

    Do you know why we don't have access to more generic prescription drugs? Because Republicans and Big Pharmaceuticals vehemently opposed Obama's proposal to import cheaper medicine from Canada…which is one of the main reasons why our drug prices are so high – because of the lack of affordable options due to Republicans and Corporate lobbyists.

    And that's the real problem here in America: You've got Trump and "news" shows like this feeding people who consider themselves conservatives, bs "America first" trade war propaganda that blatantly contradicts the principles of free market capitalism. Yes it's a trade issue, but we're getting the wrong end of the deal, not because of our exports, but rather because of our imports. Put simply, our Politicians are in bed with Big Pharma and refuse to open the market up to more affordable alternatives, thus giving them a monopoly, with the freedom to charge whatever the hell they want, because in the end, people will be forced to pay.

  27. You are not subsidizing, you are getting robbed.

  28. Trump continues on his march to make our lives better. Democrats whined about our tax decreases and now most of us are enjoying having more money in our pockets. Once again Democrats are whining about us paying less for prescriptions. Michael Savage was right long ago. "Liberalism is a Mental Disorder". Democrats are complaining about everything Trump has done to improve our lives. God bless you, President Trump.

  29. Obama care was designed to hasten the removal of the white middle class as its replacements are being shipped in from other countries.

  30. One tablet Viagra is about 1.2$ here, but 18$ in China! Stop complaining you Mericans!

  31. It's called redistribution of wealth Trish…

  32. Trump is the strongest leader ever and keeps promises

  33. Nobel peace prize is just a popularity contest
    Trump deserves much better and way more recognition

  34. Protect our home grown made in the USA Drug dealers build that wall…save our market will all be rich America first.

  35. $150 for a bottle of pills does seem rather excessive.

  36. Henry Ford's business plan included eliminating the middleman. We all know how successful he was.

  37. If anyone takes a common sense approach to the problem it will be Trump.

  38. Just to let everyone know, this does not include crack

  39. Worth reading:
    https://www.washingtonpost.com/opinions/why-would-a-swiss-health-care-company-pay-michael-cohen-12-million-look-at-drug-prices/2018/05/11/67ac7644-5538-11e8-abd8-265bd07a9859_story.html?utm_term=.57e1b63fc713&wpisrc=nl_most&wpmm=1

  40. It's called universal Medicare something the U S knows nothing about doctors in Europe don't get a commission on drugs

  41. Why should we pay more because you dont negotiate with pharmaceutical companies? Why should we solve US own problems? Why should Europe be forced to live according to America First? And the pharmaceutical companies earns billions of dollars anyway, its not like they suffer because medicine is to cheap in Europe. The only consequence are going to be higher prices everywhere, even in USA.

  42. Very creative to approach this as a trade issue. I wonder if my neighbors will no longer be driving to Mexico to get their prescription drugs? Most people would be shocked at the price difference. It is absolutely shocking! One example is insulin. One month supply for a neighbor here $900.00. Same exact drug same package same factory…cost for one month supply in Mexico? $90.00!

  43. Americans are so stupid, too dumb to negotiate but blame the rest of the world for doing so.

  44. This white house " SHOW " was a campaign strategy and nothing else to gather support from Trump's DUMB ASS VOTERS AND BELIEVERS.

  45. Always keeps his promises. Best president ever.

  46. lets work on free energy issues , like tesla and get rid of the use of gas and oil , you are a little behind

  47. Sorry, but the host comes off like a bit of an idiot. Let the guests talk.

  48. Roughly over a year ago Canada tried to enter the US market to offer less expensive pharma, However, (D-NJ) Cory Booker and a (D-Va.) voted against it citing safety. I ponder of whom? Perhaps their lobbyists'..

  49. THE PBM'S DON'T NEGOTIATE. EXCEPT WHEN THE PBM OWNS THE PHARMACY . WE OWN A COMMUNITY PHARMACY AND THE PBM'S PAY US WHAT WE PAY FOR THE DRUG. ONCE UPON A TIME THERE WERE NO PBM'S AND THE CUSTOMER PAID LESS AND WE MADE A PROFIT. NOW THE PBM'S WISH COMMUNITY PHARMACIES WOULD DIE. MARK MERRITT USED TO APPEAR BEFORE CONGRESS BECAUSE HE WAS ONE OF THE PBM'S. HE RECENTLY CHANGED JOBS AND WHEN INTO LIFE INSURANCE. HE KNEW HIS GREEDY LITTLE PAWS WERE GOING TO BE CUT BACK.

  50. Trumpsky wants to fuck up other countries health services just the same way he is overlording the fucked up health care in America.
    We pay less in Europe for one reason. We aint greedy bastards.
    We do not let bribes run us. Trump is a fucking idiot and he thinks he can force other countries to pay more ?
    And what the fuck is this about America having the best research ? Ever been to England ?

  51. Big phama in America steal others patents . Crooked . Sad.

  52. Who knew it could be so hard ?
    Trump is heading to get the IS sanctioned

  53. Fox lol. As dumb as Trump

  54. WHY DON'T YOU PEOPLE LOOK AT THE MIDDLEMEN AND THEIR VULGAR SALARIES. DO YOU MAKE $500,000,000.00 A YEAR?

  55. Misleading title. Kek

  56. One of the tenets of Obamacare was Medicare being able to negotiate drug prices and Trump and the GOP did away with that so what makes anyone think that Big Pharma will and out of the kindness of their hearts lower prices? Not even the pharma lobbyists knew about this

  57. What?! Now he has a plan?
    Didn't Trump claim to have a wonderful health-care plan, with a complete plan JUST to tackle drug prices during his lengthy campaign?
    Didn't he say that he'd pass this plan and repeal obamacare asap?
    Trump has met every criteria to qualify as a bombastic blowhard. He's NEVER given anyone his plan for fixing stuff because, it's painfully obvious, he HAS no plan — he never had a plan

    The closest thing that Trump had to a plan was to get the stupids in the states to believe that he had a plan. He announced, again, in March 2016, the points of his great plan.. and again and again. None were practical, he was unable to convince anyone to try to introduce any legislation and everyone saw through his pathetic machinations.

  58. I needed to hear this and now I have. A case

  59. Big Pharma are cocks they don't cure a dam thing the own does is put danage drugs with no cure a rip off!!!!

  60. We need space force Meds.

  61. The German make better drugs then we do!!

  62. Plus look at the side eck!!!

  63. Bayer make a Cancer drug for 1000's of dollars and India make it for 179.00 LOL so who is get screwed!! The Americans

  64. FUNNY. My multiple sclerosis medication has gone UP! Thanks for nothing, you bot.

  65. THE MIDDLEMEN AREN'T GOING ANYWHERE. THEY MAKE TOO MUCH MONEY TO GIVE UP NOW. AS AN OWNER OF AN INDEPENDENT COMMUNITY PHARMACY WE HAVE NOT MADE A PROFIT IN YEARS. I HAVE AN IDEA ABOUT THE HOLLYWOOD ELITES PAY STAGGERING AMOUNTS JUST TO GET THEIR KIDS INTO AN ELITE COLLEGE SO THEY CAN PARTY AN GO TO GAMES. THEY ADMIT THEY DON'T REALLY CARE ABOUT GOING TO CLASSES. YOU COULD PUNISH THESE ELITES BY SENDING SMALL PHARMACIES A PORTION OF WHAT THEY THEY PAY THE SCHOOLS. YOU HAVE NO IDEA HOW GRATEFUL WE WOULD BE. ON A PERSONAL NOTE I AM BEING TREATED FOR COPD. SINCE THE MIDDLEMEN KNOW WHAT WE PAY FOR OUR DRUGS, THEIR PRICES ARE ALWAYS A SURPRISE. WE PAY $150.00 PER MONTH OVER WHAT WE ALREADY PAY FOR THE DRUGS FROM THE MANUFACTURER. THAT REALLY SUCKS. I'LL BE WAITING ON A CHECK FROM A HOLLYWOOD ELITE!

  66. 2500 Drugs have had a price increase of 30% to 2000% by trump.

    $100 Billion in deficit spending Socialism is A-OK for the Rick Welfare tax break to the drug industry

    Why am I not surprised?

  67. Trump has no plan on anything; when will the voters realize that fact.

  68. Uhm the Canadian government funds ALOT of drug development Insulin for example was invented at the University of Toronto. It's not just the Americans doing so. The fundamental difference is our government has to at least pretend to care about its citizens.

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