Name: Trump Requests 17 Pharmaceutical Companies to Lower Costs
Uploaded: 2025-07-31T20:01:00Z
Duration: 2 min 2 s
Description: Press Secretary Karoline Leavitt read President Trump’s letter to several pharmaceutical companies, which asked them to provide ‘American families immediate relief from the vastly inflated drug prices.'

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Press Secretary Karoline Leavitt read President Trump’s letter to several pharmaceutical companies, which asked them to provide ‘American families immediate relief from the vastly inflated drug prices.' Photo: Evelyn Hockstein/Reuters

https://m.wsj.net/video/20250731/ed94f189-32c9-4756-bd6a-d17e2e97a902/1/hls/manifest-hd-wifi.m3u8

Press Secretary Karoline Leavitt read President Trump’s letter to several pharmaceutical companies, which asked them to provide ‘American families immediate relief from the vastly inflated drug prices.'

Trump Requests 17 Pharmaceutical Companies to Lower Costs

According to recent data, the prices that Americans have been paying for brand name drugs are more than three times the price other similarly developed nations pay. The president is determined to solve this problem and took further action today. He has signed 17 letters to pharmaceutical company CEOs, and I would like to read you one of these letters to the CEO of Eli Lilly. "On May 12th, 2025, I signed an executive order delivering most favored nation prescription drug pricing to American patients to stop global free loading and guarantee that Americans pay the same prices enjoyed by other developed nations. Right now, brand name drugs in the United States are up to three times higher on average than anywhere else for the identical medicines. This unacceptable burden on hardworking American families ends with my administration. Most proposals the Trump administration has received to resolve this critical issue promised more of the same, shifting blame and requesting policy changes that would result in billions of dollars in handouts to industry. Moving forward, the only thing I will accept from drug manufacturers is a commitment that provides American families immediate relief from the vastly inflated drug prices and an end to the free ride of American innovation by European and other developed nations. Accordingly, I'm calling on Eli Lilly and company and every manufacturer doing business in our great country to take the following actions within the next 60 days. Extend the most favored nation pricing to Medicaid, guarantee most favored nation pricing for newly launched drugs, return increased revenues abroad to American patients and taxpayers, provide for direct purchasing at most favored nation pricing. But if you refuse to step up, we will deploy every tool in our arsenal to protect American families from continued abusive drug pricing practices. Americans are demanding lower drug prices and they need them today."