President Trump, while speaking at a Whirlpool manufacturing factory in Clyde, OH, made some cryptic remarks that are piquing interest from many around the world.
He was there as part of a campaign stop to discuss the restoration of the manufacturing industry in America but he also brought up his moves to reduce and reform pricing in the pharmaceutical industry.
This is where things get interesting.
People have long talked about how Congress and virtually our entire government is bought off by Big Pharma. The Pharmaceutical industry represented about $1.3 trillion in 2015 alone. That’s enough money to have a lot of power in the political world.
President Trump said that he’s made a lot of very, very rich enemies by cutting out the middleman.
He also said "This may be the last time you see me for a while".
TRUMP: “So, I have a lot of enemies out there right now. This might be the last time you see me for awhile. A lot of very very rich enemies and they are not happy with what I am doing.” pic.twitter.com/Fvwko4Rac9
— Benny (@bennyjohnson) August 7, 2020
From the White House:
And speaking of pharmaceuticals, we instituted four moves — rebates, favored nations, and other things — buying from other nations where they have the product — the same exact pill, identical; made in the same factory — for a fraction — just a small fraction of the cost. We buy from other countries, as opposed to buying through this ridiculous quagmire of political scam that we’ve been going through for many years.
And what I’ve done, in terms of favored nations, if — as an example, Germany has a pill for 10 cents and we have a pill for $2. We institute favored nations on the drug company. We get the pill for the same amount as the lowest pill anywhere in the world. Anywhere in the world. (Applause.) And that could drop your price of pharmaceuticals, of drugs — prescription drugs — it could drop your price 50, 60, 70 percent, maybe more than that.
What he says next may explain why he should be a little worried. He says nobody knows who the middlemen are but they're very rich and he's cutting them out.
You have people called “middlemen.” I don’t know who the middlemen are. I don’t know. They never say “middlewomen,” so they’re politically not correct. (Laughter.) But I’ve heard the term “middlemen” for a long time. They are so wealthy. They are so wealthy. Nobody has any idea who the hell they are or what they do. They make more money than the drug companies. You know, in all fairness, at least the drug companies have to produce a product, and it has to be good product. But the middlemen — well, the rebate that I’m doing cuts out the middlemen, and it reduces costs, and the money goes back to the people purchasing the drugs.
So I have a lot of enemies out there. This may be the last time you’ll see me for a while. A lot of very, very rich enemies, but they are not happy with what I’m doing. But I figure we have one chance to do it, and no other President is going to do what I do. No other President would do a favored nations, a rebate, a buy from other nations at much less cost. Nobody. And there are a lot of unhappy people, and they’re very rich people, and they’re very unhappy.