Donald Trump: “Americans have paid the highest prices anywhere in the world…”

“I think this is one of the biggest medical announcements that this office has ever made because we're talking about price reductions, as you'll see in a couple of minutes, that are incredible. For many years, Americans have paid the highest prices anywhere in the world for prescription drugs. They paid far more, 10 times, 13 times, 15 times more than other countries for the exact same product. A major reason is that the American consumers have been subsidizing research and development costs for the entire planet.” (00:30–00:36)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.