“The big insurance companies lose, and the American people win.”
The White House shared a 5-minute video on Thursday in which President Trump unveiled the “Great Healthcare Plan,” a framework to reduce prescription drug prices and provide direct financial relief to Americans.
Transcript highlights below:
Today, I’m thrilled to announce my plan to lower health care prices for all Americans and truly make health care affordable again. We’re doing things that nobody’s ever been able to do. We’re calling it the Great Healthcare Plan. Instead of putting the needs of big corporations and special interests first, our plan finally puts you first and puts more money in your pocket.
The government is going to pay the money directly to you. It goes to you, and then you take the money and buy your own health care. Nobody’s ever heard of that before. That way, it is. The big insurance companies lose and the people of our win. This proposal locks in massive discounts on prescription drugs that my administration is achieving through our Most Favored Nation drug pricing agreement.
Now, when you hear about that, for the last 40 years, they’ve been trying to do it, but they’re never able to do it. No other president was able to do it. I got every other country to approve it by the use of tariffs and other things.
It’ll bring down drug prices 80, 90% in some cases. Just numbers nobody’s ever heard before. Your prescription drugs will come way down, and under this policy, the prices of many drugs will be slashed by 300, 400, even 500%.
So, instead of Americans paying the highest drug prices in the world, which we have for decades, we will now be paying the lowest cost paid by any other nation. That’s what we’re going to pay, and the American people get the savings. I have to reiterate: the lowest price in the world is what you are going to pay. Before, you were paying the high price by far, and politicians did nothing about it.
Watch the announcement above.
