"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 one-eighth of 1 percent. One-eighth of 1 percent."
"Now drug prices are going to be going down 100 percent, 400 percent, 600 percent, a thousand percent in some cases. But for one-eighth 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."
President Donald Trump claimed at a White House press event that drug prices will fall by 100 percent, 400 percent, 600 percent, or even a thousand percent in some cases. He contrasted those claims with a prior assertion that he had reduced drug prices by one-eighth of 1 percent during his first term. The claim implies impossible negative prices that would effectively pay consumers many times the drug cost. Multiple fact-checking outlets noted that the percentage statements are mathematically incorrect. The president reportedly made similar exaggerated percentage claims on at least five occasions, including a claim of 1,500 percent in August.
Read at www.mediaite.com
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