Trump: Today, I'm excited to announce another historic achievement in our quest to lower drug prices for all Americans. You know, prices have come way down. We've gotten prices way down for groceries, for oil, especially today, we broke $60/a barrel. We think the oil is going to be under $2 a gallon very soon. That's about 70% lower than what it was just a year ago. So, that's a big thing. And when the oil comes down, everything comes down. It's pretty beautiful to watch. AstraZeneca, the largest pharmaceutical manufacturer in the United Kingdom, is committing to offer Americans major discounts on their vast catalog of prescription drugs, one of the great companies by the way, and a most favored nation's pricing clause. So, most favored nation is 'reyou going to pay whatever the lowest price anywhere in the world is; that's what you're going to be paying.
And I was, I had it going very well in my first term, but we were interrupted by rigged elections, so I was unable to carry it forward. We started it, but this was something I— one of the reasons I wanted to run again was we had to have favored nations, where the world is not going to be paying just a fraction, just a tiny fraction, of what we were paying. I want to thank CEO Pascal Soriot, very highly respected, one of the most respected men in business and certainly in the industry, for joining us today, as well as Secretary Howard Lutnick, Secretary Robert F. Kennedy Jr., CMS Administrator, Mehmet Oz, FDA commissioner Marty McCary, and Virginia Governor— a man who's done an incredible job and good luck with the upcoming election. I know you're working very hard. I watch you, you're right there. He's out there working. He wants to see that young woman win, and the Attorney General, who I endorsed, etc., etc.— Glenn Youngkin. Thank you very much, Glenn, thank you for being here. For many years, Americans have paid the highest prices anywhere in the world for prescription drugs, by far, by far, many times the amount that other countries are paying. It’s ridiculous. Upon taking office, I signed an executive order to make sure that Americans pay no more for prescription medications than the lowest price for the same drug in other locations and developing nations.
Today, AstraZeneca is committing to offer all of their prescription medications to Medicaid at most favored nations prices. In other words, the lowest price anywhere in the world, that's what we get, a move that will save American taxpayers hundreds of millions of dollars each year. And I tell the story, Glenn, that in my first term, I had the honor of being the first president in 28 years to lower drug prices during the course of the year. And we actually did, and I was so proud of myself. We called a news conference, I announced it. It was 1/8 of 1%, 1/8 of 1%. Now, drug prices are going to be going down 100%, 400%, 600%, 1,000%, in some cases. But for 1/8 of a cent, Bobby, think of that, I was so proud because for 28 years, nobody had done it, and now it’s— I think back to that, I said, I shouldn't have had that news conference. But it’s just true, I was the only one that did it, but it was not very much, and now we're going to get, in Some cases, 1,000% reduction. This could have a huge impact on everything from Social Security to Medicare to Medicaid, anything where they're buying any prescription drugs, it’s going to have an incredible impact. It's going to lower itself greatly. AstraZeneca will also list many of their most popular drugs online at TrumpRX.gov, Trump, RX. I don't know why they put the name Trump. I did not tell him to do it, but I'm honored to let him do it. That's true actually. At heavily reduced most favored nations cost, Americans can expect discounts and, as I said, it could be, in many cases, way over 100%. And as an example, one particular drug that's hot, very hot, 654% on inhalers, COPD and asthma, as well as certain diabetics medications. They're going to be averaging about 654% reduction in price. You believe that one?
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