Starting today, the United States will no longer subsidize the healthcare of foreign countriesâand we'll no longer tolerate profiteering and price gouging from Big Pharma. EXECUTIVE ORDER: https://www.whitehouse.gov/presidential-actions/2025/05/delivering-most-favored-nation-prescription-drug-pricing-to-american-patients/
Video transcript1:11
But starting today, the United States will no longer subsidize the health care of foreign countries, which is what we were doing. We're subsidizing others' health care, countries where they paid a small fraction of what -- for the same drug that what we pay many, many times more for, and will no longer tolerate profiteering and price gouging from Big Pharma. But again, it was really the countries that forced Big Pharma to do things that, frankly, I'm not sure they really felt comfortable doing, but they've gotten away with it. These countries' European Union has been brutal, brutal. And the drug companies actually told me, "Sir, it was just brutal how they forced them." And European Union is suing all our companies -- Apple, Google, Meta -- they're suing all our companies. They end up -- they have judges that are European Union-centric, and they get rewarded 15 billion, 17 billion, 20 billion, and they use that to run their operation. It's not going to happen any longer, that I can tell you.
Transcribed automatically. Expect errors in names and numbers.
Post from Truth Social
Starting today, the United States will no longer subsidize the healthcare of foreign countriesâand we'll no longer tolerate profiteering and price gouging from Big Pharma. EXECUTIVE ORDER: https://www.whitehouse.gov/presidential-actions/2025/05/delivering-most-favored-nation-prescription-drug-pricing-to-american-patients/
Video transcript 1:11
But starting today, the United States will no longer subsidize the health care of foreign countries, which is what we were doing. We're subsidizing others' health care, countries where they paid a small fraction of what -- for the same drug that what we pay many, many times more for, and will no longer tolerate profiteering and price gouging from Big Pharma. But again, it was really the countries that forced Big Pharma to do things that, frankly, I'm not sure they really felt comfortable doing, but they've gotten away with it. These countries' European Union has been brutal, brutal. And the drug companies actually told me, "Sir, it was just brutal how they forced them." And European Union is suing all our companies -- Apple, Google, Meta -- they're suing all our companies. They end up -- they have judges that are European Union-centric, and they get rewarded 15 billion, 17 billion, 20 billion, and they use that to run their operation. It's not going to happen any longer, that I can tell you.
Transcribed automatically. Expect errors in names and numbers.