A month ago, Donald Trump announced that his administration would cut drug prices by 1,500%. That’s mathematically impossible, since it would mean not only free drugs but that pharmaceutical companies would actually pay you. Of course, Trump has his own speech rhythms, so most experts assumed he was just being hyperbolic as usual — but he doubled down on the claim of a 1,000+% decrease in drug prices in the U.S.
Trump has been pushing the pharmaceutical industry to cut prices since returning to the Oval Office. He notably gave a short anecdote about the price of semaglutide in the U.S. compared to Europe — calling it “the fat shot” in a jab at someone who sounded suspiciously like Elon Musk. And even though the president chose to announce this new agenda in a way few could fully understand, it was broadly welcomed on both sides. This time, Trump sat for an interview with Fox News, despite their recently soured relationship, and finally had enough time to explain what he meant.
