"Trump has repeatedly insisted he has or will at some point succeed in reducing the price of certain drugs to an amount that is lower than what they cost. In August, for example, the president said, I will tell you that we are going to be doing numbers on the cost of drugs in this country, that it's I'm not talking about a 20% decrease, which would be good. I'm talking about 1,000% decrease."
"There is, however, obviously something amiss here, since cutting the price of a drug by 100% would make it free. Moreover, cutting the price of a drug by more than 100% would mean, presumably, that whoever is selling the drug would pay customers to take it off their hands. On Thursday, Trump delivered remarks at the launch of TrumpRx, which the president said will help Americans buy drugs directly from pharmaceutical companies, and at lower prices."
"The president then got specific by listing several price changes he said are coming to certain drugs: Novo Nordisk will be slashing the pirce as an example of Ozempic from more than $1,000 to $199. And the price of WeGovy from more than $1,300 to $199. Nobody could even believe it. A 578% difference. Eli Lilly, who has been very helpful to us in getting this done, will be cutting the cost of its common insulin, drug, and medication from $200 to $25."
President Donald Trump repeatedly claimed he has reduced or will reduce drug prices by figures exceeding 100 percent, at times citing 300%, 400%, 600%, and even 1,000%. Such claims are factually problematic because a 100% cut makes a drug free and cuts beyond 100% would imply sellers paying buyers. The White House announced TrumpRx, which the president said will allow Americans to buy drugs directly from pharmaceutical companies at lower prices while other countries would pay more. He named examples, including large price drops for Ozempic, Wegovy, common insulin, and a common inhaler.
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