Bedminster, NJ— President Donald J. Trump released his new Agenda47 plan to take on Big Pharma and end global freeloading on American consumers.

“Crooked Joe Biden likes to pretend he stands up to Big Pharma—but in fact, I was the only President in modern times who EVER took on Big Pharma, and I took it head on,” President Trump said. “Biden canceled my tough-on-pharma policies the moment he had a chance.”

President Trump issued unprecedented reforms that lowered drug prices for the first time in 51 years, ended costly kickbacks, and finalized the Most Favored Nation Rule to ensure that pharmaceutical companies offer the same discounts to the United States as they do to other nations— resulting in an estimated $85 billion in savings over seven years.

Watch President Trump’s Plan to Rein in Big Pharma and End Global Freeloading

On Day One, President Trump will sign an Executive Order to end global freeloading on American consumers once and for all. 

“Under my policy, the United States government will tell Big Pharma that we will only pay the best price they offer to foreign nations, who have been taking advantage of us for so long— the United States is tired of getting ripped off.”

TRANSCRIPT

Crooked Joe Biden likes to pretend he stands up to Big Pharma—but in fact, I was the only President in modern times who EVER took on Big Pharma, and I took it head on. Biden canceled my tough-on-pharma policies the moment he had a chance.

As President, I signed a historic Executive Order declaring that the United States government would pay the same price for pharmaceuticals as other foreign countries—and no more. We didn’t want to pay any more. Can you imagine that? How simple would that be. This would have saved American patients billions and billions of dollars. 

But shortly after taking office, Joe Biden rescinded my Executive Order, stabbing Patients and U.S. citizens and especially our Seniors right in the back.

For many years, Americans have been paying among the highest prices in the world for our prescription drugs, while other countries negotiate sweetheart deals off the backs of America, paying vastly lower prices for the very same drugs from the very same companies. This amounts to a gigantic subsidy of foreign socialist welfare systems courtesy of YOU and the American people. 

On Day One of my new term, I will sign an Executive Order to end this global freeloading on American consumers for once and for all. 

Under my policy, the United States government will tell Big Pharma that we will only pay the best price they offer to foreign nations, who have been taking advantage of us for so long— the United States is tired of getting ripped off. 

We’ve been ripped off my everybody for so many decades. We are tired of it. Not going to happen. They should have never rescinded my original Executive Order. It just shows you the power of Big Pharma. But this will force Big Pharma to RAISE prices on foreign countries and REDUCE prices very substantially for American Patients. It will deliver huge savings for seniors, and for all American Patients. 

Thank you very much. 

This was a very easy one, and this was an honor to tell you because this was something that never should have happened. They should have never ever rescinded my Executive Order.