"Something just wasn't adding up when Dr. Mehmet Oz - the current administrator for the Centers for Medicare and Medicaid service - tried to explain president Trump's new drug pricing scheme. That something was his brain trying to make sense of pretty simple math. During an interview on the NBC News "Meet the Press" segment on Wednesday, Oz was asked about Trump's absurd claim that he slashed prescription drug prices by up to "1,500 percent" - and completely lost it."
""The president does the calculation by saying, 'OK, if a drug was $100 and you reduce it to $50, it's 100 percent cheaper because you're taking $50 off and leaving you with only $50,'" explained the 65-year-old board-certified physician. "So the amount you took off the price is equal to the amount that's left. They're equal so it's 100 percent.""
Dr. Mehmet Oz attempted to explain a presidential claim about slashing prescription drug prices by up to "1,500 percent." Oz described a $100 drug reduced to $50 as "100 percent cheaper," arguing the amount taken off equals the remaining price. Anchor Kristen Welker noted that a 1,500 percent reduction would imply a negative price. Oz cited a second example of drugs priced at $200 or $240 being reduced to $10, and then shifted to questioning why such reductions had not been implemented earlier. Welker did not correct his mathematical errors.
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