[Ip-health] link to official transcript: Trump's high drug pricing speech: transcript of trade relevant section

Sanya Reid Smith sanya at twnetwork.org
Sat May 12 02:12:42 PDT 2018

ring-drug-prices/ which includes the part below
-----Original Message-----
From: Ip-health [mailto:ip-health-bounces at lists.keionline.org] On Behalf Of
Jennifer Reid
Sent: 11 May 2018 21:42
To: Ip-health at lists.keionline.org
Subject: [Ip-health] Trump's high drug pricing speech: transcript of trade
relevant section

Unofficial transcript of Trump's 'other countries freeloading' portion of
the high drug pricing speech today:

Starts at about 30:30 minutes into this video:

"...Finally as we demand fairness for American patients at home, we will
also demand fairness overseas. When foreign governments extort unreasonably
low prices from US drug makers, Americans have to pay more to subsidize the
enormous cost of research and development. In some cases medicine that costs
a few dollars in a foreign country costs hundreds of dollars in America for
the same pill, with the same ingredients, in the same package, made in the
same plant and that is unacceptable. You can look at some of the countries,
their medicine is a tiny fraction what the medicine costs in the USA, it's
unfair, and it's ridiculous and it's not going to happen any longer.

It's time to end the global free loading once and for all. I have directed
US trade representative Bob Lighthizer to make fixing this injustice a top
priority with every trading partner. And we have great power over the
trading partners, you're seeing that already. America will not be cheated
any longer. And especially will not be cheated by foreign countries. The
American people deserve a health care system that takes care of them. Not
one that taxes and takes advantage of our patients and our consumers and our

These reforms are just the beginning. In the coming weeks we will work with
Congress to pass legislation that will save Americans even more money at the
pharmacy. For that we need the help of Congress and we think it will be

Jennifer Reid
Policy Analyst, MSF Access Campaign
Doctors Without Borders/Médecins Sans Frontières (MSF)
40 Rector Street, 16th Floor, New York, NY 10006

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