New York Post
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Pharma Execs Bend to Trump's Demands to SLASH Drug Costs
Posted
December 19, 2025
Views
3,791
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127
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152
Engagement
7.36%
December 19, 2025
3,791
127
152
7.36%
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5:18Now PlayingPresident Trump announced Friday afternoon that he plans to convene a summit of health insurance CEOs to browbeat them into lowering prices — after he successfully coerced pharmaceutical companies to do so using the threat of tariffs.
Trump made the off-the-cuff announcement mere hours after venting on social media about insurers “ripping off America,” citing a Post op-ed on record corporate profits.
“I would say that maybe with one talk, they would be willing to cut their prices by 50, 60, or 70%,” Trump said at an event where nine pharmaceutical executives bent to his demands to reduce drug costs to align with rates paid by other developed countries.
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