Verdict with Ted Cruz
BONUS POD: Trump’s Triumphs w BIG Pharma & China Trade Deal
May 13, 2025
The discussion kicks off with a bold initiative to tackle prescription drug costs in the U.S. using a 'most favored nation' pricing strategy, revealing stark price disparities with countries like Australia and the UK. The podcast critiques the current administration for allegedly reversing these reforms under pharmaceutical lobby pressures. It then transitions to a spotlight on a U.S.-China trade deal, showcasing significant tariff reductions and emphasizing new commitments to continue addressing critical trade issues, including fentanyl trafficking.
14:28
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Quick takeaways
- The podcast highlights a significant reform aimed at reducing prescription drug prices in the U.S. through the most favored nation pricing principle.
- It discusses a major U.S.-China trade deal that successfully reduced tariffs and aims to correct trade imbalances affecting American workers.
Deep dives
Impact of Prescription Drug Pricing Reform
A significant reform aimed at lowering prescription drug prices has been introduced, emphasizing the principle of most favored nation pricing. This approach ensures that the U.S. will pay the lowest prices available globally, effectively addressing the stark disparity between American drug costs and those in other countries. For example, while a common asthma drug can cost around $500 in the U.S., it is priced at less than $40 in the UK. The initiative directs government officials to take actions that will bypass middlemen, helping American patients access more affordable medications directly from manufacturers.
