00:00President Trump has a different way of calculating if there's two ways of calculating percentage.
00:06If you have a $600 drug and you reduce it to 10, that's a 600% reduction.
00:11After President Trump and the Republicans slashed health care for millions of families,
00:15the president pitched his Trump Rx website. He claims that Trump Rx has reduced prices
00:23by as much as 600%. Let's do some real math here. Take one drug, Protonix. A 30-day supply of
00:32this
00:32heartburn medication costs $200 on Trump Rx, but there is an identical generic version of this pill
00:40called Pantoprazole. Secretary Kennedy, do you know how much it costs for a 30-day supply of that drug
00:47at Costco? Oh, but I would say this, Senator. President Trump has a different way of calculating.
00:54If there's two ways of calculating percentage, if you have a $600 drug and you reduce it to 10,
01:00that's a 600% reduction. I understand that you know I only have five minutes. Do you know what
01:05the drug costs at Costco? I do not. The drug is $16 at Costco. Trump Rx charges $200 for protonics
01:17and Costco charges $16. You're comparing apples to oranges because you're comparing the brand drug
01:24to the generic drug. Yeah, to the exact same drug. Well, people should be buying the generic and we
01:31will be directing them to the generic. To the exact same drug. Yeah, we'll be directing them to the
01:35generic. Tell me, tell me, Mr. Secretary, you think people ought to be paying $336 instead of 12 bucks?
01:42Well, a lot of people, a lot of doctors prescribe the brand, so we're giving them 600% reductions
01:48on the brand. So, if you're buying a drug on Trump Rx, there is a more than one in four
01:56chance
01:56that Trump's discount is actually a price hike. And for an anti-Big Pharma guy, you sure don't seem
02:04worried about steering patients to more expensive drugs that are going to pad Big Pharma's profits.
02:10Americans are getting crushed by healthcare costs, and you and Donald Trump are actually making
02:16the problem worse. The American public deserves better. Thank you, Mr. Chairman.
02:20Millions of people who are using Trump Rx disagree with you.
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