PolitiQuote

Discover video-sourced quotes by politicians

Howard Lutnick: “These drug companies make 75% of their revenues in America…”

Featuring: Howard Lutnick, Secretary of Commerce | National

Watch on YouTube

Howard Lutnick: How America Can Hit 6% GDP Growth in 2026

Published | Video Starts at 44:27

So everybody who studies pharmaceuticals learns that America is the client, is the consumer, is the payer. Worldwide. Worldwide, we pay all the money. So These drug companies make 75% of their revenues in America and it's 100% of their profits. Because what happens is we pay, let's say, $1,000 for a drug and then Europe says, yeah, we have socialized medicine. We're not buying it. What's your cost? (44:27–44:34)

CLAIM

Asserts that U.S. accounts for 75% of pharmaceutical companies' revenues and all their profits.

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.


Howard Lutnick

Discover more from

Howard Lutnick

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.