tv Presidents Announcement on Prescription Drugs CSPAN May 11, 2018 10:07pm-10:23pm EDT
government. this long. the same thing or would you differentiate? state, other may call them the shadow government because they are affecting their own bureaucratic wishes. electing donald trump, for instance. donald trump has termed it the swamp. washington was at one point a swamp. the creatures coming out of the swamp are biting and fighting back. >> watch on book tv. >> at the white house, president d health andld in he human services secretary outlines changes.
i want to thank secretary these , secretary mnuchin. scott has done a fantastic job. where is scott? [applause] you have that moving? right to try, so important. administrator -- director mulvaney for being here with us today in the beautiful rose garden at the white house. we are also honored to be joined by senator bill cassidy. senator? where is senator bill cassidy? one of my great friends, senator orrin hatch. thank you. [applause] congressman michael burgess.
thank you. congressman buddy carter. [applause] congressman greg -- numerous state officials from all over the country. today, the most sweeping action in history to lower the price of prescription drugs for the american people. we've been wanting to do this, we've been working on it from day one. it's been a complicated process, but not too complicated. and today it is happening. we will have tougher negotiation, more competition, and much lower prices at the pharmacy counter, and it will start to take effect very soon. my administration has artie taken significant steps to keep drug prices under control.
we reformed the drug discount program for safety net hospitals to save senior citizens hundreds of millions of dollars on drugs this year alone we are also increasing competition in reducing regulatory burdens so that trucks can be gotten to the market quicker and cheaper. we are very much eliminating the middleman. the middlemen became very rich. ok? [applause] a lot of who those middlemen were, a lot of people never figured it out, they were rich. we proved over 1000 low-cost generics, the most in history, which has artie saved the american people nearly $9 -- which has already saved the american people nearly $9
billion. next we are going to take on one of the biggest obstacles to affordable medicine, the tangled web of special interest. not too many are sitting here today, but they used to be here all the time. the drug lobby is making an absolute fortune at the expense of american consumers. no industry spends more money on lobbying than the pharmaceutical and health products industry. last year these companies spent nearly $280 million on lobbyists. that is more than tobacco, oil, and defense contractors combined. health insurance companies and other providers spent another $200 million to protect the status quo and to keep prices artificially high. they have been very successful doing it for many years. everybody is involved in a broken system.
the drugmakers, insurance companies, distributors. pharmacy managers and others contribute to the problem. government has also been part of the problem because previous leaders turned a blind eye to this incredible abuse. under this administration we are putting american patients first. [applause] thank you. i've instructed secretary azar -- our plan take steps to derail the gravy train of special interests by ending obama cares twisted incentives that actually in kurt that actually encourage higher drug prices.
it also gives medicare party plans new tools to negotiate lower prices and make sure that medicare party incentives -- part d incentives keep drug prices low. we are not going to reward companies that constantly raise prices. which in the past, has been most companies. frankly, alex used to run one of them, so nobody knows the system better than alex. our plan will and the dishonest double dealing that allows the middleman to pocket rebates and discounts that should be passed on to consumers and patients. our plan bans the pharmacists gag rule, which punished
pharmacists for telling patients how to save money. [applause] this is a -- and we are ending it. we are getting tough on the drugmakers that exploit our patent laws to choke out competition. our patent system will reward innovation. but it will not be used as a shield to protect unfair monopolies. the fda will also speed up the approval process for over-the-counter medicines so that patients can get more medicines without prescription. finally, as we demand fairness for american patients, at home will also demand fairness overseas. when governments extort unfair job prices, americans have to pay more to subsidize the
enormous cost of research and development. in some cases medicine the costs a few dollars in a foreign country costs hundreds of dollars in america for the same pill with the same ingredients in the same package, made in the same plant. you can look at the countries, their medicine is a tiny fraction of what the medicine costs in the usa. it is unfair and it is ridiculous and it is not going to happen any longer. it's time to end global freeloading once and for all. i have directed u.s. trade representative to make fixing this injustice a top priority with every trading partner.
we have great power over the trading partners. you are seeing that already. america will not be cheated any longer. and especially will not be cheated by foreign countries. the american people deserve a health care system that takes care of them, not one that taxes and takes advantage of our patients and our consumers and our citizens. these reforms are just the beginning. in the coming weeks we will work with congress to pass legislation that will save americans even more money at the pharmacy. for that we need the help of congress and we think that will be forthcoming. we will work every day to make sure americans have access to the quality of affordable -- have access to quality and affordable medication.
we will not rest until this job of unfair pricing is a total victory for the usa. thank you everybody again in the audience, thank you secretary azar. i would like to ask the secretary, a talented man, did to do an explanation. -- a talented man, to do an explanation. mr. secretary? >> thank you for your action and leadership. there has not been one discussion with the president in any circumstance where drug
pricing and bringing it down drug prices wasn't the first thing he mentioned to me . you have mentioned how important it is to bring down prices. that's why you've made history today, by laying out the most comprehensive action plan for drug affordability of any president in our history. the problem of high prescription drug cost is something that has been talked about in washington for a long time. but that's all it's been, talk, talk, talk. we are privileged to have a president finally taking action by laying out a blueprint to solve these problems using private sector competition and private sector negotiation. we are not going to propose cheap gimmicks. the president proposes a sophisticated approach.
everybody is rolling up their sleeves to work on this. let me give a couple of examples. think about all the time everybody spends watching drug company ads on tv and how much information is required to put in them. if we want to have a real market for drugs, why not have them disclose their prices in the ads? consumers would have much more balanced information and companies would have a very different set of incentives for setting their prices. we are immediately going to look into having the fda require this. president trump has called for tougher negotiation and better deals. our blueprint brings the latest negotiation tools to our government programs. it also expand private sector negotiation to parts of medicare
where right now hhs says the bill and we pay up. these are some of the 50 actions hhs has planned or under consideration. this is not a one and done deal. it is a comprehensive process and it will take time to reorder an entire complex multibillion-dollar system of our economy. we are going to drive real change in the system while continuing to lead the world in innovation and patient access to medicine. thank you again mr. president for your vision, your leadership. we are eager to get to work. with real competition in the right incentives the blueprint is going to finally put america patients first. at this point i will be joining sarah huckabee sanders for the press briefing this afternoon and i will be up at the take questions to provide a more detailed information of all of the elements of the president's plan.