Ian Carroll
๐ค SpeakerAppearances Over Time
Podcast Appearances
And he's, you know, had some rhetoric and he's had some stuff to say about pricing for a while.
But he just recently dropped a new executive order that, as far as I can tell, is like a silver bullet against big pharma that is going to take away a huge amount of their revenue stream, as well as a kneecap, an entire shadow industry that is the PBMs that just siphons money out from in between as a middleman in the pharma world.
But he just recently dropped a new executive order that, as far as I can tell, is like a silver bullet against big pharma that is going to take away a huge amount of their revenue stream, as well as a kneecap, an entire shadow industry that is the PBMs that just siphons money out from in between as a middleman in the pharma world.
But he just recently dropped a new executive order that, as far as I can tell, is like a silver bullet against big pharma that is going to take away a huge amount of their revenue stream, as well as a kneecap, an entire shadow industry that is the PBMs that just siphons money out from in between as a middleman in the pharma world.
It is now on the White House website officially, today's executive order. And if you read in section five, it details specifically what it calls most favored nation price targets. And this is something that Trump has referenced before, but it has never really gotten, he never was able to get it through.
It is now on the White House website officially, today's executive order. And if you read in section five, it details specifically what it calls most favored nation price targets. And this is something that Trump has referenced before, but it has never really gotten, he never was able to get it through.
It is now on the White House website officially, today's executive order. And if you read in section five, it details specifically what it calls most favored nation price targets. And this is something that Trump has referenced before, but it has never really gotten, he never was able to get it through.
And there you can see at the bottom of the first paragraph, communicate most favored nation price targets to pharmaceutical manufacturers to bring prices for American patients in line with comparably developed nations.
And there you can see at the bottom of the first paragraph, communicate most favored nation price targets to pharmaceutical manufacturers to bring prices for American patients in line with comparably developed nations.
And there you can see at the bottom of the first paragraph, communicate most favored nation price targets to pharmaceutical manufacturers to bring prices for American patients in line with comparably developed nations.
Now, when Trump put out a true social post about this just the other day, he said, we're going to bring the prices down to the lowest of any nation there is, meaning that if in Zimbabwe, they're paying a dollar per pill, then in America, we pay only a dollar per pill, whatever the lowest price around the world is.
Now, when Trump put out a true social post about this just the other day, he said, we're going to bring the prices down to the lowest of any nation there is, meaning that if in Zimbabwe, they're paying a dollar per pill, then in America, we pay only a dollar per pill, whatever the lowest price around the world is.
Now, when Trump put out a true social post about this just the other day, he said, we're going to bring the prices down to the lowest of any nation there is, meaning that if in Zimbabwe, they're paying a dollar per pill, then in America, we pay only a dollar per pill, whatever the lowest price around the world is.
That language has been modified a little bit so that in the actual executive order, now Americans are mandated apparently to, we get to pay whatever the lowest price of any other developed nation, which is awesome because right now, We're getting grifted so hard.
That language has been modified a little bit so that in the actual executive order, now Americans are mandated apparently to, we get to pay whatever the lowest price of any other developed nation, which is awesome because right now, We're getting grifted so hard.
That language has been modified a little bit so that in the actual executive order, now Americans are mandated apparently to, we get to pay whatever the lowest price of any other developed nation, which is awesome because right now, We're getting grifted so hard.
Right now, Americans are paying more than just about any other nation in the world, often by multiples of 2, 5, or even 10x what other countries are paying for the exact same products. Also, in Section 4, he seems to enable direct-to-consumer sales from the pharmaceutical manufacturers at the most favored nation price.
Right now, Americans are paying more than just about any other nation in the world, often by multiples of 2, 5, or even 10x what other countries are paying for the exact same products. Also, in Section 4, he seems to enable direct-to-consumer sales from the pharmaceutical manufacturers at the most favored nation price.
Right now, Americans are paying more than just about any other nation in the world, often by multiples of 2, 5, or even 10x what other countries are paying for the exact same products. Also, in Section 4, he seems to enable direct-to-consumer sales from the pharmaceutical manufacturers at the most favored nation price.
which is really interesting because, I mean, let's just say I've never been there. I'm no pharmaceutical expert. But from what I'm reading there, that seems to be very much a death blow to a vast portion of pharma's profits. And, I mean, I don't know what to make of that other than extreme optimism because that's not all. He also was going after the PBMs, the Pharmacy Benefit Managers.