Video transcript
Well, thank you very much. It's great to be here on this very beautiful day. A lot of very positive things happening. Less than four months ago, I stood before you to announce the launch of the TrumpRx.gov, a brand new website featuring the largest discounts on prescription drugs in the history of our country -- the history, frankly, of any country. And for decades, Americans paid the highest drug prices anywhere in the world, by far. But under the most favored nation agreements I negotiated, we now pay the lowest price paid for anybody in any country. We went from the highest to the lowest, and I think outside of maybe a cure itself, it's the biggest thing to happen to healthcare and everything having to do with medical in any way, shape, or form. There's never been anything like this. We think of it. We went from the most expensive to the least expensive. So we've slashed the price of dozens of commonly used prescription drugs by differences of 400, 500, and even 600 percent. In my first term, I got it down one-eighth of one percent. This is the first time in 28 years it went down one-eighth of one. And now we're talking about four, five, and six, and even 700 percent, including for weight-loss drugs, fertility treatments, insulin, and much, much more. Since that launch in February, TrumpRx.gov has already been visited more than 10 million times and has saved American consumers over $400 million already, and it's truly the hottest thing in medicine. It's been amazing. I asked Dr. Ruz, "How's it doing?" Bobby was there. He said, "Nobody's ever seen anything like this, so it's great." People are saving a lot of money. Over the next 10 years, the Council of Economic Advisors estimates that our most favored nation drug policies will save Americans over $500 billion. And this has been the greatest breakthrough in lowering healthcare costs in modern history. But we're just sort of getting started, actually, because we have a lot more to come. So today, I'm thrilled to announce that we're increasing the number of drugs available on TrumpRx by nearly seven times, adding over 600 affordable generics to the website, working with industry partners, cost-effective generic drugs are often available at just a tiny fraction of the price of their brand name equivalents. And in theory, they're the same thing. Sometimes they're better with the same dosage, the same effectiveness, and the same active ingredients yet many consumers do not think to ask for them. They don't know about them. By incorporating this massive catalog of low-cost generics at TrumpRx.gov, consumers will now have one source to ensure that they're getting the lowest possible costs on their prescriptions. So they have a real option now. Today, they have something that they've never had before. They've never had anything like this or even close. With these additions, TrumpRx will feature the best and lowest prices on prescriptions used by tens of millions of Americans already. And in some cases, the discounted generics available through TrumpRx may be offered at an even lower cash price than the out-of-pocket insurance cost, which has always been the lowest, but we're going to be lower. This means that the TrumpRx.gov should always be your first stop before you go to the pharmacy to pick up your prescription, and you'll certainly be checking on your pharmacy by doing this. And at a minimum, you'll know what you're supposed to be paying. I want to thank the leaders of several major pharmacies and generic drug makers who are partnering with us on this effort. Including the co-founder of Cost Plus Drugs, Mark Cuban. Mark, thank you very much. Mark, looking good, Mark. Come here, Mark. Nice to meet you. Thank you, sir. Appreciate it. We have the same thing. One thing in common. We want to make people better and keep them wealthy, right? That's good. Good to be with you. Vice President of Amazon Pharmacy Tanvi Patel. Thank you very much. And the President of RxMarketplace at Good Rx, Aaron Crittenden. Aaron, thank you very much. Great job you're doing. With these companies as partners, we're all so getting and adding new tools to take over websites which will connect patients with the lowest price pharmacy right in their own neighborhood, or alternatively give them the option of getting a discounted prescription ship straight to their door. They can have it delivered right to their front door. This will provide American consumers with new options, more savings, and unprecedented price transparency, putting billions and billions of dollars back into the pockets of hardworking Americans. What a difference it's going to make at the end of a week. For generations, drug prices have only gone up, and under my administration, for the first time in history, drug prices are coming down, and they are coming down very, very dramatically and substantially. Politicians from both parties promised for decades to make health care more affordable, but they all failed, every single one of them. And when they thought they had it, they couldn't get other countries to go along. I got all the other countries to come along. I said, "You don't come along. We're going to tariff you." And they all said, "We'd love to come along, sir." But I'm actually getting it done, and I don't care how I do it. I got to get it done for the people. I want to thank the incredible team behind this historic accomplishment, including Secretary of Health and Human Services Robert F. Kennedy Jr., probably, Administrator for the Centers for Medicare and Medicaid Services Dr. Mehmet Oz -- what a team -- what a team this is -- and Chief Counselor of Health and Human Services, Chris Klomp. And I also especially have to thank the genius behind the world-class website that will soon be serving hundreds of millions of Americans. Airbnb co-founder and Chief Design Officer of the United States Joe Gebbia, who's really amazing, and Ed Korstein, and the team at the National Design Studio, which is as good as you get. Under my America by Design Executive Order, Joe and his design team have been working to make your government more beautiful, more modern, convenient, and effective. In addition to the TrumpRx website, they've built the amazing experience behind TrumpAccounts.gov and the new Food Pyramid Freedom 250, and much more. They're doing a job for the country like, I can say, design-wise, nobody has ever seen.
Transcribed automatically. Expect errors in names and numbers.
