Dr. Mehmet Oz
๐ค SpeakerAppearances Over Time
Podcast Appearances
We know and you know that you've been getting away with price gouging and global freeloading from other countries as well for the last several decades.
This president will not tolerate any more work with us.
be patriots, fix the problem.
And to the last one, they've all said yes.
They've come in, they will be willing to participate, the major companies, we haven't gotten to the smaller ones yet.
And for that reason, we now have a bunch of contracts with pharmaceutical companies where they agree voluntarily
to reduce their prices so they're the most favored nation pricing here in America.
It's fair.
It works.
It turns out that these companies have maintained their valuations.
They haven't been hurt by these deals, even though they've taken significant financial haircuts.
The president wants Congress to codify what we already believe works.
We don't want to go any further.
We don't want to cause any more problems for any pharmaceutical companies, for any parts of these negotiations.
We just want to
grandfather in people who have been there and make sure that going forward in future administrations, the drug companies stay committed to this deal structure and that the U.S.
government doesn't overreach its needs and start to do crazy things like cap prices in the pharma space that actually would hurt their innovation.
So that's the big first step, number one, most favored nation, acronym MFN, you'll be hearing that a lot.
Second big area, how do you make insurance companies accountable?
Well, first off, the money that they're getting, it's