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Scott Bessent: “The US High drug prices had subsidized innovation.”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Published | Video Starts at 15:52

Same same thing. If we look at most favored nation for drug pricing, what the President realized, and this was his vision and no one else's for years, The US High drug prices had subsidized innovation. and it was, oh, this is the price we pay. We are subsidizing the rest of the world. And the President looked at these European, the national health systems and said, why are they paying less? (15:52–15:57)

CLAIM

Claims that high drug prices in the US have subsidized pharmaceutical innovation.

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