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Mehmet Oz: “Every single one of [the 17 largest pharmaceutical…”

Featuring: Mehmet Oz, Republican | Administrator of the Centers for Medicare & Medicaid Services | National

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LIVE: White House briefing with Dr. Oz Mehmet

Published | Video Starts at 09:36

And as most of you know, we spent much of last year negotiating with the 17 largest pharmaceutical companies that drive over 80% of the entire business in branded pharmaceuticals. And Every single one of [the 17 largest pharmaceutical companies] agreed to a most favored nation drug pricing strategy. which simply stated, means that these medications, especially going into the future, will be priced at the same amount as the rest of the world. It doesn't mean price fixing. (09:36–09:41)

CLAIM

Asserts that the 17 largest pharmaceutical companies agreed to a most favored nation drug pricing strategy.

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