And part of the reason for this, it's unknown to a lot of Americans, but is well recognized by the President, this administration, is that Our drug prices are about three times higher on average than the same drugs made in the same facilities in the same American factories, oftentimes than they are charging patients overseas in Europe, Asia and other parts of the world. It's global freeloading. It's wrong. The President demanded that we change it. 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. (09:08–09:23)
CLAIM
Asserts that U.S. drug prices are three times higher than prices overseas.
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