Trump's impossible math claims to lower drug prices by 700%

Added: 2026-05-20

[00:00:00][applause] >> Well, thank you very much. Uh, it's great to be here on this very beautiful day. A lot of very positive things happening. Less than 4 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.

[00:00:25]The history, frankly, of any country.

[00:00:27]And for decades, Americans paid the highest drug prices anywhere in the world, by far.

[00:00:33]But under the most favored nation agreements I negotiated, we now pay the lowest price paid for anybody in any country. We, uh, 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, 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.

[00:01:02]So, we've slashed the price of dozens of commonly used prescription drugs by differences of 400, 500, and even 600% In, uh, my first term, I got it down 1/8 of 1%. It's the first time in 28 years it went down 1/8 of 1. And now we're talking about 4, 5, and 6, and even 700% including for weight loss drugs, fertility treatments, insulin, and much, much more.

[00:01:28]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.

[00:01:41]It's been amazing. I asked Dr. Oz, "How's it doing?" Bobby was there. He said, "Nobody's ever seen anything like this."

[00:01:47]So, it's great. People are saving a lot of money. Over the next 10 years, the Council of Economic Advisers estimates that our most favored nation drug policies will save Americans over $500 and this has been the greatest breakthrough in lowering health care 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 Trump Rx 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 cost 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 Trump Rx 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 Trump Rx 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 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.

[00:03:55]Mark, thank you very much, Mark. Looking good, Mark. Come here, Mark.

[00:04:02]We have the same thing one thing in common. We want to make people better.

[00:04:06]And keep them wealthy, right? Good good to be with you. Vice President of Amazon Pharmacy, Tanvi Patel.

[00:04:14]Thank you very much.

[00:04:16]And the President of RX Marketplace, at Good RX, Aaron Crittenden. Aaron, thank you very much. Great job you're doing.

[00:04:26]With these companies as partners, we're also 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 shipped straight to their door. They can have it delivered right to their front door.

[00:04:48]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.

[00:05:03]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.

[00:05:14]Politicians from both parties promised for decades to make health care more affordable, but they all failed, every single one of them.

[00:05:22]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."

[00:05:33]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.

[00:05:46]Bobby.

[00:05:47]Administrator for the Centers for Medicare and Medicaid Services, Dr. Mehmet Oz. What a team. What a team this is.

[00:05:55]And Chief Counselor of Health and Human Services, Chris Clump.

[00:06:00]And I also especially have to thank the genius behind the world-class website that will soon be serving hundreds of millions of Americans.

[00:06:08]Airbnb co-founder and Chief Design Officer of the United States, Joe Gebbia, who's really amazing. And Ed Corinthian and the team at the National Design Studio, which is uh as good as you get.

[00:06:24]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.

[00:06:34]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.

[00:06:49]So, Joe, please show us how TrumpRx is bringing the modern face to healthcare and really helping us to save lots of money and lots of lives.

[00:06:59]Joe, please. Thank you. Thank you, Mr. President.

[00:07:01]>> Thank you very much.

[00:07:02]>> Thank you. Thank you. In just months, TrumpRx has accomplished what Washington said couldn't be done. Uh those numbers you shared represent huge savings at real scale for real Americans.

[00:07:13]And none of this would be possible without your leadership and your belief that Americans deserve better health.

[00:07:19]So, today's great announcements of more drugs, more pharmacies, and home delivery are making healthcare simpler and smarter for Americans. Let's go live to the new TrumpRx experience.

[00:07:32]So, that $400 million saved for Americans, that means better living and less stress for millions of families.

[00:07:39]So, let's browse some of those medications.

[00:07:41]Immediately, you'll see a new section called Presidential Deals.

[00:07:46]These are some of the most affordable brand-name drugs in America.

[00:07:50]Made possible thanks to our president's legendary deal-making.

[00:07:54]So, let's take Let's take a look at a few of these. This is Fondeo, the new GLP-1 pill, 77% off.

[00:08:00]This is an insulin medication, 72% off.

[00:08:03]This is Trulicity, 61% off.

[00:08:06]These are life-saving uh life-changing savings for millions of Americans.

[00:08:12]Now, search also got smarter, too.

[00:08:15]You can now look up brand-name drugs and see the generic version. Let's try a brand drug named Glucophage.

[00:08:21]It's for diabetes and it costs around $20.

[00:08:24]So, search now shows the lower cost option, Metformin.

[00:08:29]Metformin has the same active ingredients, but now watch this.

[00:08:32]The price, $8.42.

[00:08:35]So, you found an affordable price. Now, where do you get it?

[00:08:39]You can find your trusted pharmacy in one search.

[00:08:43]Watch how easy this is. I'll use mine.

[00:08:45]Capsule Pharmacy.

[00:08:47]Boom, there it is.

[00:08:48]Now, we also created another way to find the best price.

[00:08:52]Introducing map search.

[00:08:55]For the first time, you can see chain and local independent pharmacies on the same map.

[00:09:01]So, here's my location.

[00:09:03]I see an option here at a pharmacy for $18 and a block away, $8.42.

[00:09:09]Now, you can compare for the best medicine prices as easy as it is to compare hotels or Airbnbs or baseball tickets.

[00:09:18]This is simple, transparent health care pricing.

[00:09:22]So, when I find what I'm looking for, I take this coupon, show to the pharmacist, and I get the TrumpRx price.

[00:09:28]That simplicity is why TrumpRx has taken off nationwide.

[00:09:32]Okay, there's one more thing.

[00:09:34]Today, we added new partners for fast home prescription delivery. I can actually get this medicine to my door in a day or so.

[00:09:42]So, from search to savings to satisfaction, this is healthcare built for modern life.

[00:09:49]You compare prices on flights, why not medicine?

[00:09:53]Don't just fill your prescription, TrumpRx because the strongest nation on Earth, America, starts with the healthiest people on Earth.

[00:10:02]Mr. President, back to you. Thank you, Joe. Great job. Beautiful.

[00:10:06]Thank you.

[00:10:08]>> [applause] >> Well, thank you very much. Really amazing the job you've done and so quickly. Now, I'd like to ask Secretary Kennedy to say a few words and Dr. Oz and Mark Cuban and Chris Klonk and we'll take a couple of questions maybe at the end. Thank you.