President Trump slammed Joe Biden for stealing the credit for his cuts to prescription drug costs in his first term after he made a historic announcement on his efforts to lower drug prices by as much as 80%.
President Trump on Tuesday announced a deal with Pfizer that will provide Americans with heavily discounted prescription drugs at most-favored-nation prices. Many of Pfizer’s brand-name medications will now be available to all medicaid recipients at a discount of up to 80%.
Previously, in May, Trump signed an executive order laying the groundwork for deals like this by directing the Secretary of Health and Human Services, the Secretary of Commerce, and the U.S. Trade Representative to take “aggressive measures” to find Americans the best deal on prescription drugs.
It can be recalled that during President Trump’s first term, he capped the price of insulin medications at $35 per month. However, Joe Biden, in one of his first acts as president, ended the Trump-era policy on January 24, 2021.
The Biden Administration later signed the Inflation Reduction Act, reinstating Trump’s insulin price cap, for which they took full credit.
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When asked if he was worried that credit for his historic progress on cutting medication costs for the American people would be stolen once again by the Democrats, President Trump went off on Biden for stealing his idea.
“He had nothing to do with it,” Trump said after calling out feeble Joe for having “no idea what the hell they were talking about” when Insulin prices were capped.
WATCH:
Conradson: In your first term, when you cut the price of insulin, Biden later came in and tried to steal credit for that. Do you worry that the Democrats are going to try to steal credit for these historic cuts?
Trump: I really appreciate your question, because I did. I cut the price of insulin down to $35, and the problem is with many of these things, this case is going to be pretty quick, but oftentimes you’ll, you’ll do something medically because of the process, and it won’t be seen for two or three years. That happened also with— I could see four different things, but just if you talk about insulin, so it was 200, 300, 500, and you couldn’t get it, and I got it down to 35.
And I said, I hope I win the next election, because otherwise whoever wins is going to take credit for it. Well, what happened is we did win the election. We did great, but unfortunately it didn’t work out that way from a practical standpoint. And Biden, when I saw him get up and take credit for the $35 and even less insulin— that was 1,000% lower than what it was just previous— boy, I tell you, I didn’t like it. I didn’t like it, so I did the best I could to let him know we did it because we wanted get credit. But we are the ones that got insulin down to that number, and you’re right. They tried to take credit for it.
They had nothing to in fact, they didn’t even know it happened. All of a sudden, the insulin price kicked in at $35 and they asked Biden about it; he had no idea what the hell they were talking about. But after they explained, and they didn’t really explain to him, because he was not capable, but when they went out and talked about it, they acted like it was a great feedback, but he had nothing to do with it. And it continues, and we’ll get it down, keep it further. But insulin was— people weren’t taking it, I would imagine they couldn’t take it.
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