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00:00So basically, what we're doing is equalizing. There's a new word that I came up with, which I think is probably the best word. We're going to equalize. We're all going to pay the same. We're going to pay what Europe's going to pay. We're going to all pay. Now, there may be some countries in dire need, and I would be willing to sacrifice that and help them. But it's called most favored nation. We are going to pay the lowest price there is in the world.
00:28So we will get whoever is paying the lowest price. That's the price that we're going to get. So remember that. So we're no longer paying 10 times more than another country. Whoever is paying the lowest price, we will look at that price and we will say that's the price we're going to pay. Most favored nations. That's what it is. One breast cancer drug costs Americans over $16,000 per bottle.
00:56But the same drug from the same factory manufactured by the same company is one sixth that price in Australia and one tenth that price in Sweden. One tenth for the identical product.
01:14A common asthma drug costs almost $500 here in America, but costs less than $40 in the United Kingdom. So $40 in the United Kingdom, which is where this gentleman told me he paid a small amount for his shot.
01:32But think of that. So $40 versus $500 here. That's not even better. Much worse examples. And the weight loss drug, Ozempic, cost 10 times more in the United States than in the rest of the developed world.
01:48Ten times more. Why? Why? What did we do? Suckers. But we never had a president that had the courage to do this. And nobody knew the system like I do. I mean, I've gotten to know this system so well.
02:03And I don't think it's fair that it benefits Obamacare. Obamacare is a failure. It's not a good it's not a good health care. It works. I made it work. I had an obligation to make it work or an obligation to let it die. I chose that we had to make it work. I had to make it as good as possible.
02:22And I had a choice. I could have let it fail or make it as good as possible. As good as possible means it was still not very good, but it was survived. And we did the right thing. But this makes it just makes everything work.
02:38And I don't want to have a bad form of health care work because of the fact I was able to cut drug prices by 80 or 90 percent. So we're going to maybe come up with something.
02:50I think this gives the Republicans a chance to actually do a health care that's much better than Obamacare and for less money, which you guys would work on that along with Congress.
02:59But I do want to say that Democrats could have done this a long time ago. They have fought like hell for the drug companies and they knew they were doing the wrong thing.
03:08And it's going to be very hard. I was just telling the leader and the speaker that it's going to be very hard for the Democrats to vote against the one big, beautiful deal.
03:21The greatest tax cuts in history, greatest everything. But now you have the big drug prices because that's going to be included.
03:28It makes that whole situation different from a scoring standpoint. I just told them, I called them up about this.
03:36I said, I'm going to do something that's going to be very monumental and you're going to be scoring.
03:41You better tell your people that this is going to score really well and then add hundreds of billions of dollars in tariffs to your list also.
03:52But as big as the tariffs are, this is something that really hits quickly.
03:55I say,