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Viewsroom

Slashing US drug prices would come at a cost

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 16 October 2025

⏱️ 21 minutes

🧾️ Download transcript

Summary

In many cases, the market charges nearly triple what others do, a discrepancy that has put President Trump on the warpath. In this Viewsroom podcast, Breakingviews columnists discuss how Americans subsidize novel treatments and how tricky it will be to spread the burden. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Something unexpected has arrived in Happy Meal. Teenage Mutant Ninja Turtles and Hello Kitty and friends are teaming up for the ultimate collab.

0:08.3

Joining your little ones on a fun-fueled adventure. Some fun, some food, it's all inside this Happy Meal.

0:16.2

Until the 2nd of February from 11am includes one pre-selected book or toy whilst dots last.

0:20.3

The views expressed on this podcast are those of the participants, not of Rogers News.

0:27.1

For many years, Americans have paid the highest prices anywhere in the world for prescription drugs.

0:33.6

By far, by far, many times the amount that other countries are paying.

0:38.3

And, upon taking office, I signed an executive order to make sure that Americans pay no more for prescription medications

0:45.3

than the lowest prices or the same drug in other locations and developing nations.

0:51.3

Drug pricing has been a perennial bug bear of Donald Trump.

0:57.1

For the U.S. president, it all comes down to fairness.

1:01.5

And also, why is the U.S. subsidizing the rest of the world?

1:05.9

In April, amid his Liberation Day announcements, he discussed large pharmaceutical tariffs as well.

1:13.1

But he also dangled a remedy of sorts.

1:15.9

If pharmaceutical companies wanted access to the $700 billion US market, they would have

1:21.2

to start building and building fast.

1:24.7

Since then, Big Pharma has been at pains to show how many jobs they're creating in America

1:29.3

and how many factories they can build.

1:31.3

AstraZeneca, Roche, Pfizer, Eli Lilly announced massive manufacturing projects.

1:36.3

And Pfizer also announced a deal to bring down the cost of government-subsidized medications.

1:42.3

But how will this affect the US? And will other countries

1:47.0

be hit by these plans? All of this and more is at this week's views room. It's Amy. And it's

1:55.6

Jonathan. And this is The Views Room, your weekly podcast that delves into the naughtiest issues in

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