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President Donald Trump announces a bold plan to drastically reduce prescription drug prices, claiming reductions of 400–600% through negotiations with drug companies and foreign countries. In a prime-time address, Trump criticized health insurance companies for profiting off Americans and introduced the upcoming TrumpRX.gov website, set to launch in January 2026, where the first wave of reductions will be available. His remarks come amid rising insurance premiums under the Affordable Care Act.

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00:00I'm also taking on the gigantic health insurance companies that have gotten rich on billions of
00:06dollars of money that should go directly to the people. The money should go to the people. That's
00:11you. So they can buy their own health insurance, which will give far better benefits at much
00:18lower costs. It will be far better health insurance. The current Unaffordable Care Act
00:24was created to make insurance companies rich. It was bad health care at much too higher cost.
00:30And you see that now in the steep increase in premiums being demanded by the Democrats,
00:35and they are demanding those increases. And it's their fault. It is not the Republicans' fault.
00:41It's the Democrats' fault. It's the Unaffordable Care Act. And everybody knew it. Again, I want the
00:48money to go directly to the people so you can buy your own health care. You'll get much better
00:53health care at a much lower price. The only losers will be insurance companies that have gotten rich
00:59and the Democrat Party, which is totally controlled by those same insurance companies. They will not
01:05be happy, but that's okay with me because you, the people, are finally going to be getting great
01:10health care at a lower cost. I'm doing what no politician of either party has ever done,
01:16standing up to the special interest to dramatically reduce the price of prescription drugs.
01:21I negotiated directly with the drug companies and foreign nations, which were taking advantage of
01:28our country for many decades to slash prices on drugs and pharmaceuticals by as much as 400,
01:35500, and even 600 percent. In other words, your drug costs will be plummeting downward.
01:42And I used the threat of tariffs to get foreign countries who would never have done it
01:46to pay the cost of this giant dollar reduction. They stopped ripping us off. And it began as of
01:54four days ago. There has never been anything like this in the history of our country. Drugs have
02:00only gone up, but now they'll be going down by numbers never conceived possible. It's called
02:07most favored nation. And no president has ever had the courage or ability to get this done until now.
02:14The first of these unprecedented price reductions will be available starting in January through
02:19a new website, TrumpRx.gov. And these big price cuts will greatly reduce the cost of health care.
02:27Another major focus is the cost of energy. For years, the radical left Democrats exploited
02:33the green energy scam as an excuse to funnel many billions of dollars into their own massive slush funds
02:41as their energy restrictions drastically drove up prices and they drove them up
02:46at record levels. Electricity costs surge 30 to 100 percent under Biden. And the typical family lost
02:53$5,000 to $10,000 in higher energy costs. Think of that, $5,000 to $10,000 you lost. On day one,
03:03I declared a national energy emergency. Gasoline is now under $2 and 50 cents a gallon in much of the
03:10country. In some states, it, by the way, just hit $1 and 99 cents a gallon. And within the next 12
03:18months, we will have opened 1,600 new electrical generating plants, a record. And it's a record that
03:25won't be beaten by practically, I would say by anybody, or certainly not very soon. Prices on
03:32electricity and everything else will fall dramatically.
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