00:00Because I think those three companies are coming in at a different time next week.
00:30We believe we'll make a true difference for American patients.
00:44With today's agreement, we believe that we have actually struck the delicate balance
00:49that there is to protect America's leadership in research and innovation, and at the same
00:53time ensure that patients pay a fair price for their medicines.
00:57We are on-shoring manufacturing to the U.S. to very rapidly, within the time of this administration,
01:02have the majority of our products produced in the U.S.
01:04Thank you, Mr. President.
01:06Improving affordability and preserving innovation and rewarding innovation is a very difficult
01:12balance to take.
01:14I think we feel the negotiations and the conversations have had the patient at the center throughout
01:21the entire time.
01:22So we were subsidizing the entire world, we're not doing it anymore.
01:25This is the biggest thing having to do with drugs in the history of the purchase of drugs.
01:32They've agreed, because I think those three companies are coming in at a different time
01:36next week.
01:37So they've agreed.
01:38Johnson & Johnson is one of them, right?
01:40After the holidays.
01:41What?
01:42Why?
01:43They couldn't do it faster?
01:44No, we're talking about TrumpRx.
01:45Oh, okay.
01:46TrumpRx.
01:47TrumpRx is doing well.
01:48As of today, 14 out of the 17 largest pharmaceutical companies, but they've all agreed, have now
01:54agreed to drastically lower drug prices for their American patients, for the American people
02:00and patients.
02:02This represents the greatest victory for patient affordability in the history of American healthcare
02:06by far.
02:08And every single American will benefit.
02:10So this is the biggest thing ever to happen on drug pricing and on healthcare.
02:16This will have a tremendous impact on healthcare itself.
02:19Johnson & Johnson is an example who's not here today, who will be here next week.
02:23They're well represented here.
02:25The United Kingdom's National Health Service agreed to pay the fair share for prescription
02:30drugs for the first time in 26 years.
02:34And we expect other countries in Europe will do the same.
02:37And if they don't, we're going to put tariffs on them, and we'll get the same amount of money
02:40plus.
02:41We'll take a nice return on the money.
02:44Thank you, Mr. President.
02:45The prices that President Trump left to the next administration on pharmaceuticals have
02:51gone up 25% until the President took office.
02:55We are reversing that trend and making sure that Americans can afford to get the life-saving
03:00solutions.
03:01I can tell you, by the end of this term, 95% of the drugs, we will have MFN.
03:08In other words, Americans will be paying the lowest price in the world, 95% of the drugs.
03:15All of the billions and billions, ultimately trillions and trillions of dollars that's paid
03:20to these companies.
03:21We're going to pay directly to the people.
03:24But there's another way of doing it, and that's getting the insurance companies to ease
03:30up and to cut their pricing way, way down and stay part of the system.
03:35So I'm going to call a meeting.
03:36It could be in Florida this coming week, or it could be back in the White House the first
03:41week, not the second or third week.
03:44I'm going to call a meeting of the big insurance companies that have gotten so rich by receiving
03:50money and really much far, far more money than they're entitled to.
03:56And I have a feeling maybe if they would act like these incredible, brilliant, responsible
04:01citizens behind me.
04:03We're going to Florida for a short while, mostly work.
04:09We have a lot of meetings scheduled.
04:10We're going to talk to the insurance companies and see if we can cut them way, way down.
04:15And if we can't, we just pay directly to the people.
04:18They buy their own healthcare.
04:20And I think very important today with the favorite nations, because drug prices are going to
04:25be down 400, 500, 600 percent, if you look.
04:30We did something that nobody's been able to do.
04:32So have a good flight if you're joining me.
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