WASHINGTON (CBS, KYMA/KECY) - Dr. Mehmet Oz, Administrator for Centers for Medicare & Medicaid Services spoke with Margaret Brennan on Face the Nation Sunday about the impact of drug pricing due to tariffs.

According to Brennan, President Donald Trump put a 25% tariff on India, which is a big drug producer, as well as a 15% tariff on imported medicines from Europe.

This prompted her to ask Dr. Oz how he plans to stop drugmakers from passing "along those costs to people on Medicare and Medicaid," to which Oz said:

"Well, the president's letter on Thursday, for most favored nation pricing, is a good example of that. And he's been working on this tirelessly since the first administration. And just to put this in context...about two-thirds of bankruptcies in America are caused by healthcare

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