Trump Pulls Classic “Donnie Bait-and-Switch” on Drug Prices
Bulwark Takes
The Bulwark
4.7 • 1.2K Ratings
🗓️ 12 May 2025
⏱️ 11 minutes
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| 0:00.0 | Building a coffee business? |
| 0:01.5 | Serving the best Americano in town is up to you. |
| 0:04.0 | But winning back time and growing your business, leave that to sum up. Take orders and payments anywhere with the new sum up terminal. Turn occasional customers into regulars with a free loyalty program. And with the sumup point of sale system, you'll always know when you're running low on your best selling blends. Visit sumup.co.uk to learn more. Hey guys, it's me, Sam Stein, managing editor at the Bullock, and I'm joined by Jonathan Cohn, |
| 0:24.8 | author of The Breakdown Newsletter, which is an essential read. We are going to be talking about a, |
| 0:30.3 | well, I don't want to call it big because it might not be that big, but we're going to be |
| 0:34.0 | talking about an executive order that President Trump has issued this morning, which he teased last night on prescription drugs. Jonathan, let's just go through it. |
| 0:43.8 | What is the order? Start there, and then I'm going to ask you about how big a deal it is. |
| 0:48.8 | Yeah, yeah. So maybe it's start like with the general concept of the order because, you know, |
| 0:53.6 | what they're trying to do and then what they actually have done so far. |
| 0:56.4 | So the basic concept here is that we pay much more for our name brand prescription drugs than every other, you know, economically developed country. |
| 1:08.8 | And this has been true for a while. There's been this, you know, ongoing |
| 1:11.2 | debate we've had in this country forever. So Trump's answer to that is he says, look, we're |
| 1:17.9 | getting ripped off. So I want to basically go to these other countries and say, you know, |
| 1:25.2 | find out what they're charging and go to the drug companies and say, hey, |
| 1:29.1 | give us that. |
| 1:29.4 | You need to charge us the same, you know, basically the same price are close to it because we're getting ripped off. |
| 1:36.3 | And if that means these other countries have to pay more, well, that's fine. |
| 1:39.8 | They should pay more. |
| 1:41.3 | And so we're going to make that happen. |
| 1:43.1 | So that's the kind of concept of what they're |
| 1:45.7 | trying to do. And he calls it most favored nation status. But the idea has been kicking around for a long |
| 1:51.8 | time. And actually, you know, he tried a version of it, which I get into in a second in his last term. |
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