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Mehmet Oz: “We spend roughly $800 billion nationwide on prescription…”

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

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Published | Video Starts at 45:24

Again, without a meaningful cost difference surrounding air frankly, compared to overall hospital expenses, it's a wise move. CMS will push these agendas and many more. Let me leave you with a quick number. $800 billion We spend roughly $800 billion nationwide on prescription medications. Secretary, myself and others have worked hard to make sure we have most favored nation drug pricing. But what is the best way to reduce the amount of money we spend on drugs to not need them? (45:24–45:30)

CLAIM

Asserts that the U.S. spends approximately $800 billion on prescription drugs annually.

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