Trump Says Executive Order To Lower US Drug Costs Is 'Not Price Control'

During a press briefing on Monday, President Trump was asked if his executive order to lower drug prices was a form of price control.

Transcript

00:00Mr. President, how do you respond to the fact that this...

00:05It's not price control. No, no. What was... price control is before.

00:10If you want to talk about it. Price control is what they were doing.

00:13They were making us pay. They set a price.

00:16And they said, here's what we're going to pay.

00:19And anything else charge America.

00:23Because at that time they had a very stupid president.

00:25And it really went crazy during the last four years.

00:28And remember this. The Democrats are the ones that allowed this to happen.

00:33They were the ones that were the protector of this pricing system.

00:38And I think it's going to be very hard. You'll have to ask Democrats.

00:42Are they going to vote against the one great, big, beautiful deal that's being negotiated now?

00:48Tax cuts, etc.

00:50We're now on top of the tax cuts and regulation cuts, all the things.

00:54Now you're going to say that the price of your medicine is going down by 60, 70, 80%.

00:59You're going to vote against it?

01:02I think a lot of Democrats are going to be forced to do something that their leaders are going to beg them not to do.

01:08And that's vote for the bill.

01:09I don't see how they can vote against it.

01:11How can they vote against it when drug prices, drugs and pharmaceuticals are going to be down 70, 80%?