Trump Says He Will Get Drug Prices Down By 1500% [Forbes]
AstraZeneca PLC - American Depositary Shares (AZN)
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Source: Forbes
On Thursday, that Trump had just sent letters to the heads of 17 major pharmaceutical companies pushing them to cut the prices that Americans have to pay down to the levels that people in other countries pay. It's not clear yet by what amount—if any—this will eventually get pharmaceutical companies to reduce prescription medication prices for those in the U.S. But chances are any price reductions that end up occurring won't be anywhere near the 1500% that Trump has promised. Trump Spoke Of 600%, 1000% And 1500% Reductions in Drug Prices Yep, 1500% is the percentage that Trump mentioned in a July reception with members of Congress. “This is something that nobody else can do,” Trump emphasized then. "We're gonna get the drug prices down. Not 30 or 40 percent, which would be great, not 50 or 60, no. We're gonna get 'em down 1,000 percent, 600 percent, 500 percent, 1,500 percent.” Here's a video of this Getting the prices of medications—or of anything that's sold by companies for th
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