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Commerce Secretary Howard Lutnick has tried to explain President Donald Trump’s “mathematically impossible” claim He is cutting drug prices by up to 600 percent after being questioned by a Fox News host.
during trump Address to the nation on Wednesday nightwhere he gave a push Number of misconceptions and exaggerationsThe President claimed that he has negotiated with drug companies to reduce prices “by 400, 500 and even 600 percent.”
Reducing the cost 100 percent would mean customers would get their medications for free, a fact host John Roberts told Lutnick. Fox News.
“Well, if you cut something 100 percent, the cost goes to zero,” Roberts said. “If you cut it by four or five or 600 percent, the drug companies are actually paying you to take their product. So that raises the question, how much of last night’s speech was hyperbole and how much was factual?”
Lutnick laughed out loud during the question and said, “No.” He said the figures “depend on when you look at it.”
“What he’s saying is…if a drug was $100 and you marked the drug down to $13, OK? If you’re looking at it from $13 it’s down seven times…” Lutnick tried to explain in a nonsensical response.
“It’s 700 percent more [than] First, now it’s down 700 percent, right? So $13 would have to go up 700 percent to get back to the old price,” Lutnick continued. “So it all depends on when you look at it.
He reiterated, “You can say it’s down 87 percent or you can say… it has to go up 700 percent to be back to normal. So it just depends on how you look at it.” “But basically what he’s saying, and we all know what he’s saying, is we’re going to lower the price of drugs.”
The claims made in Trump’s 18-minute primetime address were fact-checked from far and wide, including by CNN’s Daniel Dale, who called him out for “repeating the same basic batch of lies.”
Dale said most of the false claims made by the President during the address have been debunked before.
During the address, Trump… Former President Joe Biden accused He called the current economic crisis, rising housing costs, a “huge border invasion”, and falsely claimed that inflation was the “worst in 48 years” when he took office in January.
Several networks cleared their schedules to broadcast the speech live.