After Donald Trump promised to reduce American drug prices "by 1,400, 1,500%", most people were left scratching their heads. Wouldn't that make them free? Or rather, wouldn't drug companies be paying customers significant amounts to take their drugs? Can you really reduce prices by more than 100% of the price?
He left it to ex-talk show host and now boss of America's Centers for Medicare and Medicaid Services, Dr. Mehmet Oz, to explain Trunp's higher math to us mere mortals.
"The President does the calculation by saying, 'OK, if a drug was $100 and you reduce it by $50, it's 100% cheaper because you're taking $50 off and left with only $50 ... they're equal, so it's 100%' ". Clear?
When asked about how a 1,500% reduction would work, Oz explained, "Well, if you take a drug that is $200 or $240 like we did last week and reduce it to $10, those are the numbers you're talking about". Okaaaay...
Still shaking my head.
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