The Megyn Kelly Show Trump Fights Big Pharma with Drug Plan, China Tariffs Pause, American Hostage Free: AM Update 5/13
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May 13, 2025 President Trump signs a bold order to cut drug prices by up to 80%, impacting how Americans access medications. He also navigates a temporary pause on tariffs with China, aiming to strengthen trade and protect supply chains. The emotional release of Idan Alexander, the last American hostage from Hamas, highlights critical diplomatic efforts. Additionally, Trump clarifies his acceptance of a luxury jet from Qatar as a government gift, stirring discussions on the nature of presidential gifts.
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U.S. Drug Prices Are Subsidizing Others
- The U.S. pays far higher drug prices than other countries due to lack of price negotiations tied to global prices.
- Other developed countries set drug prices via government bulk purchasing, driving down costs substantially.
High U.S. Prices Fuel Global Innovation
- High U.S. drug prices fuel global pharmaceutical profits and innovation.
- Foreign health systems benefit by forcing drug companies to accept low prices, shifting costs to Americans.
Order Benefits Pharma and Consumers
- The new order protects American drug companies from unfair pricing pressures abroad.
- It also aids U.S. consumers by cutting out middlemen and lowering prices domestically.