President Donald Trump recently made his boldest claim yet in his longstanding promise to lower drug prices.
“You know, we’ve cut drug prices by 1,200, 1,300 and 1,400, 1,500%,” he told reporters on Sunday, noting the reductions will start over the next two to three months. “I don’t mean 50%. I mean 14- 1,500%.”
Trump has unveiled a number of moves aimed at cutting drug prices in recent months, but he has yet to move the needle on reducing costs – much less slashing them by 1,500%, which is mathematically impossible, experts say.
Just how much Trump will be able to accomplish is a matter of debate.
“The administration, by itself, has relatively limited power to affect drug prices across the US market,” Benedic Ippolito, a senior fellow in economic policy studies at the right-leaning Am