Trump falsely claims win touting lower drug costs

The Trump administration issued regulations Friday that could lower the prices Americans pay for many prescription drugs. In announcing the new policy President Donald Trump again claimed he had won the presidential election. (Nov. 20)

Video Transcript

DONALD TRUMP: Thank you very much. So today, I have to tell you. It's a great honor for me to announce that my administration is issuing two groundbreaking rules to very dramatically lower the price of prescription drugs for the American people, especially for our cherished seniors. To address this unfairness and to lower prices for Americans, we're finalizing the Most Favored Nation rule-- remember that name-- Most Favored Nation rule. Nobody's ever done this. The drug companies don't like me too much, but we had to do it. It took a long time before we were able to do this, because statutorily, we had to go through a process. But there-- there will never be anything like this. I just hope they keep it. I hope they have the courage to keep it, because the powerful drug lobby, big pharma, is putting pressure on people like you wouldn't believe.

Big pharma ran millions of negative advertising against me during the campaign, which I won, by the way. But you know, we'll find that out. Almost 74 million votes. We had big pharma against us. We had the media against us. We had big tech against us. We had a lot of dishonesty against us. But big pharma alone ran millions and millions of in ads. In fact, I looked at it and said, who is it? They-- I've never seen anything quite like, it because I told them, I'm going to have to do this. You know, I was put here to do a job.

And Pfizer and others were way ahead on vaccines. You wouldn't have a vaccine if a word for me for another four years, because FDA would have never been able to do what they did-- what I forced them to do. And Pfizer and others even decided to not assess the results of their vaccine. In other words, not come out with a vaccine until just after the election. That's because of what I did with Favored Nations and these other elements.