So we went to the UK as an example, and Jameson Greer, who's the United States Trade Representative, and Secretary Lutnick from Commerce went over there and they pushed hard. They said, guys, you're not paying a reasonable amount of money for your medications. In America, we're paying 0.8% of our GDP for medications. In many parts of Europe, it's 0.2, 0.3, significantly less. Less than half of what we pay per percentage of our gdp. Pay more. Don't make up cockamamie rules that pretend like you're actually trying to make, you know, the right price happen. (20:18–20:26)
CLAIM
Claims that the U.S. spends 0.8% of GDP on medications, while Europe spends 0.2-0.3%.
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.
