Valuetainment - “Suckers of America” - Trump’s Prescription Drug Executive Order Demands Global Price Match

00:00:00.100 Trump says something very funny.

00:00:02.240 This is a video you were talking about, and I accidentally saw it yesterday.

00:00:05.220 What do you call it?

00:00:05.860 Friend got a fat shot.

00:00:08.640 She was overseas and drug executives.

00:00:11.620 Cope to overchange, overcharging.

00:00:13.960 You guys, when you watch this video, Brandon, if you want to pull it up,

00:00:16.540 it's full-on comedy.

00:00:18.420 This doesn't make any sense.

00:00:20.220 Pause it.

00:00:20.880 Whatever you're doing, put your coffee down because you're going to spill it on yourself.

00:00:23.940 I'm going to save you from it.

00:00:25.300 Just listen to this if you haven't seen it.

00:00:26.820 Go ahead.

00:00:27.260 Adam, stop.

00:00:27.660 I'll tell you a story.

00:00:28.620 A friend of mine who's a business man, very, very, very top guy.

00:00:34.260 Most of you would have heard of him.

00:00:36.140 Highly neurotic, brilliant businessman, seriously overweight,

00:00:41.400 and he takes the fat shot drug.

00:00:46.280 And he called me up, and he said,

00:00:49.760 President, he used to call me Donald, now he calls me President,

00:00:53.760 so that's nice respect, but he's a rough guy, smart guy.

00:00:56.320 Very successful, very rich.

00:00:59.880 I wouldn't even know how we would know this, because he's got comments.

00:01:02.840 President, could I ask you a question?

00:01:04.840 I'm in London, and I just paid for this damn fat drug I take.

00:01:10.040 I said, it's not working.

00:01:13.460 Get a refund, fatty.

00:01:14.860 I just paid $88, and in New York, I pay $1,300.

00:01:20.940 What the hell is going on?

00:01:24.700 So, check this out.

00:01:26.140 Let me read this to you.

00:01:26.840 Fat shot.

00:01:27.720 President Trump shared a neurotic and very, very, very top guy businessman friend,

00:01:32.240 prescribed a highly neurotic businessman, very seriously overweight,

00:01:35.500 $88, and it's $1,300.

00:01:37.780 Trump signed an executive order.

00:01:39.080 If you want to pull up the tweet when he writes this, Brandon,

00:01:42.660 I don't know if you have it or not.

00:01:43.600 If you have it, just pull it up.

00:01:45.740 Signed an executive order to lower U.S. drug prices,

00:01:49.300 requiring federal programs like Medicare and Medicaid to pay rates matching

00:01:54.120 other developed countries, claiming our country has the highest drug prices

00:02:00.440 anywhere in the world by sometimes a factor of five, six, seven, and even eight times,

00:02:04.840 and that pharmaceutical companies make more than two-thirds of their profits in America

00:02:10.720 despite U.S. having only 4% of the world population.

00:02:16.820 Adam, thoughts?

00:02:17.920 Well, listen, Trump is the Don Rickles of presidents.

00:02:22.620 His ability to make abject, sort of high-level, abstract ideas relatable is second to none.

00:02:31.580 So in comedy, Vinny, you would know this, the term he's using is called personification.

00:02:36.860 When you personify something or some concept or some person,

00:02:42.000 it boosts people's imagination and it simplifies complex ideas

00:02:45.600 and it enhances the emotional impact.

00:02:49.180 So rather than talking about drug prices, he's like,

00:02:51.480 let me tell you about my fat, amazing, brilliant, sloppy, smart, gross, amazing, gross friend.

00:02:58.640 Incredibly wealthy.

00:02:59.420 He's, what a guy, what a loser, what a guy, the biggest loser.

00:03:03.380 You know who did this better than anybody was Dave Chappelle.

00:03:05.540 Do you remember on the Dave Chappelle show, he would personify and humanize drugs and STDs.

00:03:12.800 He's like, hey, what's going on, syphilis?

00:03:15.440 Man, I'm just out here burning people up.

00:03:17.980 So, hey, what's up, herpes?

00:03:19.380 Hey, I'm hanging out.

00:03:20.520 So you turn these people into characters.

00:03:22.640 Trump made drug prices funny and relatable.

00:03:26.780 Remember the skit when Dave Chappelle talked about his white friend?

00:03:30.260 He's like, yeah, you got to watch out for these white guys hanging out with all these black gangs. 0.99

00:03:33.840 You never know what those black, those white guys did.

00:03:35.660 Adam, what do you think about the story?

00:03:37.600 Here's the point.

00:03:38.080 I'm not wanting to tell me the history of comedians and what they said.

00:03:40.420 No, no, no, no, no, Pat.

00:03:42.100 Let me get to my point.

00:03:43.540 Please do.

00:03:44.120 The point is we would not be talking about this if he didn't use personification about his fat friend.

00:03:50.680 You don't think so?

00:03:51.500 We would not be talking, it would not be a main story.

00:03:53.400 We would maybe glance over it a little bit.

00:03:56.480 The fact that he talked about his fat friend and personified this.

00:04:00.080 And let me tell you, my fat sloppy friend.

00:04:01.600 You have no opinion on the actual story.

00:04:02.700 The fact that the drug is $88.

00:04:04.660 Jesus, Pat, I'm trying to get there.

00:04:07.040 It's been two minutes.

00:04:07.560 You're telling us how much comedy you watch.

00:04:09.200 It's been 20 seconds.

00:04:10.180 Tell us about the story.

00:04:12.920 What do you think about the actual story?

00:04:14.960 Go back to the tweet.

00:04:15.840 Let me read this while you're giving me a historian for us of comedy.

00:04:18.980 So, Donald Trump, here we go.

00:04:20.940 For many years, the world has wondered why prescription drugs and pharmaceuticals in the U.S. were so much higher in price than they were in other nations.

00:04:27.980 Sometimes being five to ten times more expensive than the same drug manufactured in the exact same laboratory or plan by the same company.

00:04:34.860 It was always difficult to explain and very embarrassing because, in fact, there was no correct or rightful answer.

00:04:39.840 However, the pharmaceutical drug companies would say for years that it was research and development costs and that all of these costs were and would be for no reason whatsoever born by the suckers of America alone.

00:04:51.780 Campaign contributions can do wonders, but not with me and not with the Republican Party.

00:04:58.020 We are going to do the right thing, something that the Democrats have fought for many years.

00:05:01.660 By the way, this is something that Bernie Sanders would always talk about, but this guy is getting done.

00:05:07.840 Tom, your thoughts on the story.

00:05:08.780 Can I finish my point?

00:05:09.660 I'm going to come back to you.

00:05:10.100 Tom, your thoughts on the story.

00:05:11.440 Well, I've never had syphilis, but I enjoy comedy.

00:05:15.360 But now I will quickly get to the drug prices.

00:05:19.180 Now, here's what's going on.

00:05:20.900 That's bad comedy right there.

00:05:21.860 Watch this.

00:05:22.500 Watch this.

00:05:23.220 Vinny, Vinny, watch this.

00:05:25.660 Nothing with numbers, Tom.

00:05:26.840 Nothing.

00:05:27.160 Two minutes.

00:05:27.560 But these drug prices are just like student loans.

00:05:30.440 Why do universities keep raising up tuition?

00:05:33.020 Because someone else is paying for it.

00:05:34.380 Of course.

00:05:34.780 The student loan pays for it because they get the student loan.

00:05:37.660 Student loan pays a high-priced tuition, and then they're stuck with the price.

00:05:40.940 Guess what?

00:05:41.500 The reason drug companies were able to do this in America is because most people had health insurance through their employer.

00:05:46.900 A lot of people did.

00:05:48.340 And that is a hidden cost nobody ever sees.

00:05:50.640 It's a hidden cost nobody ever sees.

00:05:52.080 He's right.

00:05:52.620 So you could raise up the prices, and then how do the consumers see it?

00:05:56.300 They don't blame the drug companies.

00:05:58.300 They say, Vinny, did you see we have to pay another 15% for our share of the health insurance?

00:06:03.160 I can't believe that.

00:06:04.720 It's a hidden tax on the back.

00:06:06.200 It's a hidden tax.

00:06:06.940 That's exactly the way to put it.

00:06:08.120 And so what he's doing—

00:06:09.020 Thank you for making us smarter, Tom.

00:06:10.580 Thank you, Tom.

00:06:10.940 But can you tell us three examples of comedy and how to spin it and bring it back?

00:06:15.080 Because I need a little bit more history, Tom.

00:06:17.580 I'm not going to go.

00:06:19.080 I'm not going to do this.

00:06:19.840 Brandon, can you play this clip?

00:06:21.000 Hey, wait, wait, wait.

00:06:22.060 I'm going to take you really, really, really quick here.

00:06:24.660 And there's also a thing in contract law called most favored nation, meaning if all of us had agreements to work as union workers,

00:06:34.620 and our contract said we have a most favored nation, so if Vinny gets a raise to $16 an hour from $15,

00:06:41.400 and we all have the same number of years of experience as Vinny, we get $16 an hour.

00:06:45.940 That's called most favored nations.

00:06:47.460 What Trump is saying is drug companies are selling things all over the world.

00:06:53.040 I want most favored nation for the U.S.

00:06:55.700 So if you're selling it lower in Germany, that's the price I want the U.S. consumer to get.

00:07:00.760 And that's the executive order he signed.

00:07:02.620 He's not trying to arbitrarily drop the prices and do wage and price controls.

00:07:06.760 He's saying to them, Vinny, if you're selling aspirin for $2 in Germany, you've got to sell it for $2 here.

00:07:12.240 He's not selling them what price to sell it at.

00:07:14.720 He's saying, you apparently think it's perfectly fine.

00:07:18.160 You know what the problem is, though?

00:07:19.660 The problem is the patent laws that we have in the big pharma industry.

00:07:22.700 It's ridiculous.

00:07:23.620 And what the lawyers do with it, Rob.

00:07:25.120 Brandon, can you go to the clip that you have with the RFK?

00:07:28.000 But this was a short one.

00:07:29.880 No, it's not. It's 59 seconds.

00:07:30.180 No, this was a short.

00:07:30.800 The longer one, it was such an amazing freaking speech he gave in there,

00:07:34.880 and then he gives him credit here, and it was fantastic.

00:07:37.220 Is it the credit, or is it giving – because I've seen the credit part.

00:07:39.940 No, no. I think this is talking about Elizabeth Warren and all that.

00:07:43.000 Is he saying anything about the actual –

00:07:44.880 He's calling out Elizabeth Warren and Bernie Sanders.

00:07:46.780 Okay. Go ahead and play the clip.

00:07:47.660 Okay.

00:07:48.820 All right.

00:07:50.060 But he can't be bought, unlike most of the politicians in this country.

00:07:55.100 And he is standing here for the American people.

00:07:57.960 So, I don't know what – you know, there's writers like Elizabeth Warren or Robert Reich

00:08:05.100 who are saying that President Trump is on this side of the oligarchs.

00:08:08.800 There has never been a president more willing to stand up to the oligarchs than President Donald Trump.

00:08:17.320 And I'm very, very proud of you, Mr. President, for your courage.

00:08:20.680 I'll say, because I don't want to be crude, your intestinal fortitude, your stiff spine,

00:08:29.660 and your willingness to stand up for the American people.

00:08:33.680 We have 4.2 percent of the world's population.

00:08:37.540 We – our country represents 75 percent of the revenues for pharmaceutical companies.

00:08:44.840 75?

00:08:45.520 We spend in our country $11.

00:08:47.860 That's insane.

00:08:48.920 Yeah. I mean, so, Adam, I'm going to come back to you.

00:08:51.280 Sure.

00:08:52.040 So, where I was going with the whole personification thing is this is what makes Trump unique.

00:08:56.240 Is Trump the first president to bring up how big of a mess our drug system is

00:09:01.120 or our health care or sick care system is?

00:09:04.280 Is he?

00:09:04.840 No.

00:09:05.460 No.

00:09:05.900 Bernie's been talking about it.

00:09:06.940 Elizabeth Warren's been talking about it.

00:09:08.780 Obama's been talking about it.

00:09:09.920 Obamacare, drug prices.

00:09:11.200 Biden talked about it.

00:09:12.060 But the point is Trump is able to tell stories that you're able to gravitate towards and understand.

00:09:20.380 My stupid, fat, beautiful friend, that's memorable.

00:09:24.200 And he's able to move the needle because he's such a brilliant marketer.

00:09:27.320 We fully got that point.

00:09:27.900 So, what's the point is that he's doing things that other people have talked about, but he's

00:09:32.940 doing them.

00:09:33.580 So, we talk about free markets in the United States.

00:09:35.720 I just came back before to say the same thing.

00:09:37.680 The health care and the drug care situation in the United States, we don't have free markets

00:09:42.200 in the drug situation and in the health care.

00:09:44.820 We pride ourselves on free markets, but we don't have them within our system.

00:09:50.060 There's a lack of competition.

00:09:51.140 You talk about the patent system.

00:09:52.840 I remember when you were talking with Vivek on stage about, because he, wasn't he a biotech

00:09:59.060 guy?

00:10:00.080 Didn't he have a medical company that he understood this concept, Pat?

00:10:04.140 Vivek?

00:10:05.400 Yeah.

00:10:06.040 Did he not?

00:10:06.940 So, he talked about the exclusivity and what companies are able to do and how you're not

00:10:10.960 allowed to introduce generic alternatives into the marketplace.

00:10:15.240 So, there's a lot of mess that's been going on that they've been trying to fix forever.

00:10:19.080 However, but because of Trump's ability to move the needle, they're able to do that.

00:10:23.860 But, Adam, you mentioned Elizabeth Warren, Bernie Sanders, all these people.

00:10:27.680 All of these guys are bought and paid for by pharma.

00:10:31.040 Trump doesn't need any of them.

00:10:32.440 He's not bought by any of them.

00:10:33.820 So, they all talk the talk.

00:10:35.580 This is walking the walk.

00:10:37.360 This is actually doing it and putting his money where his mouth is.

00:10:40.820 And this is a great freaking...

00:10:41.900 Can I tell you something again?

00:10:42.840 For me, this is great.

00:10:44.600 That's amazing.

00:10:45.160 But it's another quick fix.

00:10:46.680 Because what we need to do is change the patent laws of big pharma.

00:10:50.420 Can he do that?

00:10:51.180 Yes, of course.

00:10:52.160 Because the same way they extended it by lobbyists, you can shorten it.

00:10:56.360 All they need to do is shorten the lifespan of you should have a patent.

00:10:59.980 You should have a run rate.

00:11:01.920 You should have some years where you have ahead of everything else.

00:11:05.240 Pharmaceutical patents granted 20 years from the filing date, providing exclusive rise

00:11:09.280 to manufacturing use and sell a drug for that period.

00:11:11.240 This exclusively incentivizes innovation but can also lead to higher drug prices.

00:11:15.000 Beyond the 20-year patent, regulatory exclusives like orphan drug exclusive, can further extend

00:11:20.280 market protection.

00:11:21.920 So, not only do they do a 20-year, and then there is now a way to extend it for another

00:11:26.460 18 years, another 20 years.

00:11:28.700 So, then guess what?

00:11:29.240 They can sell a drug that costs them $2 or $0.45 or $3 or $1.20.

00:11:34.620 They can sell it for $800.

00:11:35.880 They can sell it for $190.

00:11:37.300 They can do that.

00:11:38.500 And in the moment the patent expires, have you seen what happens to the prices when the patent

00:11:42.040 expires?

00:11:42.440 It drops all the way down to cents.

00:11:43.160 It drops in ways that nobody even can understand.

00:11:47.400 So, for me, it would be great for Bobby to work closely with the president to get working

00:11:55.420 on the patent laws that Big Pharma has.

00:11:59.120 If you reduce it to 10 years, to 8 years, to 7 years, you know what that'll do?

00:12:06.100 It'll dramatically drop the prices of health insurance.

00:12:10.100 So, what are we paying right now for health insurance?

00:12:12.240 Tom, if we reduce, let's just kind of spitball here.

00:12:15.780 What happens if we reduce patent law from what it is 20 years to 7 years?

00:12:22.440 How much do you think it'll reduce costs?

00:12:24.120 Brandon, Tom, what do you think?

00:12:25.480 I think it would immediately reduce monthly health insurance premiums for Americans by

00:12:32.320 like 15% and over time, probably a third.

00:12:35.680 And I say that because you know what the drugs do.

00:12:39.360 And I've gone through things with my daughters who needed particular drugs when they were

00:12:45.560 very, very, very young because of some anomalies.

00:12:48.180 And thank God they're both really helpful.

00:12:49.960 But also, here's something else that happens.

00:12:51.580 If you, every 10 years, expire the patent, what happens is I've got to run faster cadence.

00:12:59.480 So, maybe that's more medical research and more projects running faster that helps good

00:13:04.920 drugs get invented that help a lot of other things, number one.

00:13:09.040 And also, it's not just that the price will go down for the average consumer on their health

00:13:13.980 insurance.

00:13:14.540 It will also go down for the federal government on Medicare.

00:13:16.900 Medicare, because what is Medicare Part D?

00:13:19.660 It's a special insurance you get.

00:13:21.700 D stands for drugs.

00:13:24.060 It's for if you have a condition, you have a thyroid condition, somebody have to take a

00:13:27.980 special medication that's more expensive.

00:13:30.040 It's not covered fully under Medicare.

00:13:32.160 And they even lobby to make it so that they can't prescribe you the generics.

00:13:36.840 So, they're in the knickers of Medicare like that.

00:13:39.720 And so, now, you would also make it so that maybe elderly people on Medicare, the U.S.

00:13:44.580 tax dollars would go farther so they could get the thyroid drugs and things that they 1.00

00:13:47.680 need.

00:13:48.100 And they wouldn't be reaching into their pocket for Medicare Part D.

00:13:51.840 I love that, Tom.

00:13:52.860 What a great breakdown.

00:13:53.880 Thank you for doing that.

00:13:54.640 Brandon, what would you add to that?

00:13:55.540 Yeah.

00:13:55.720 So, you know, one of the most unfortunate things about this is that it incentivizes bad behavior.

00:13:59.580 So, I worked at a big pharma company.

00:14:01.300 I did global security there for a couple of years.

00:14:03.000 And, like, you know what their, like, most resources went into?

00:14:05.920 Lobbying D.C. and trying to extend their patents.

00:14:08.340 And so, they had this one drug that made them a multi-billion dollar company.

00:14:11.400 And, like, every last bit of effort and energy went towards just tweaking that drug a little

00:14:16.020 bit so they could extend the patent.

00:14:17.340 And, like, everybody was freaked out.

00:14:18.760 That was their number one concern is extending the patent so that they couldn't change their

00:14:22.920 $100,000 drug per treatment to, like...

00:14:26.000 Per treatment.

00:14:26.760 Yeah.

00:14:27.380 So, this is a rare disease drug that was $100,000 per treatment.

00:14:30.480 Would have been, you know, pennies in the dollar if it lost the patent.

00:14:33.740 That's the problem.

00:14:34.120 But they, you know, so they're not putting their energy towards the right things.

00:14:36.860 And, by the way, you know who knows this?

00:14:38.840 You know who knows this issue?

00:14:39.880 Bobby Kennedy.

00:14:40.240 Bobby Kennedy knows this.

00:14:40.880 So, that's what I was going to ask you.

00:14:42.140 Do you think he's...

00:14:43.120 Okay.

00:14:43.340 And, I get the quick fix.

00:14:44.820 Do you think he's actually thinking this big?

00:14:48.480 Bobby?

00:14:48.860 Bobby?

00:14:49.240 For sure.

00:14:49.660 He knows.

00:14:50.120 Okay.

00:14:50.320 And, how long with something like that if he starts right now?

00:14:53.680 Oh, bro.

00:14:54.120 Well, let me tell you...

00:14:54.500 With the resistance of freaking big pharma?

00:14:56.280 Let me tell you what that's like.

00:14:57.460 You ready?

00:14:57.780 What happened the more the trade talks got tougher and tougher and tougher for China?

00:15:05.760 You all of a sudden saw what happened with Pakistan, you know, India with tensions and all of a sudden.

00:15:10.540 All of a sudden people are worried.

00:15:11.640 What are they capable of doing?

00:15:12.800 Right?

00:15:12.980 Okay.

00:15:14.780 If, in America, you attack one industry, whether you prevent them from advertising on TV, or you prevent them from having a 20-year monopoly with these patent laws, you're going to see gangsters in ways you've never seen before.

00:15:31.740 I agree.

00:15:32.520 I agree.

00:15:32.640 And, that's the big pharma gangster.

00:15:33.740 That's them.

00:15:34.160 Those guys are not the types of gangsters you think and you see in movies.

00:15:38.920 You know, name the biggest gangsters.

00:15:42.620 The Al Capones have nothing on big pharma's gangsters.

00:15:45.520 Nothing.

00:15:46.260 They have nothing on their lobbyists.

00:15:48.580 Nothing.

00:15:49.060 The access to power that they have to be able to destroy your life is unbelievable.

00:15:54.380 Wow.

00:15:54.600 So, but to me, I think if you truly care about the future of America and taxes and all this other stuff, co-address the real issue.

00:16:04.960 Do you know how big of an industry cancer is every year?

00:16:07.300 200 billion.

00:16:08.180 Who makes that 200 billion? 0.66

00:16:09.580 What happens if you cure cancer and you come up with something?

00:16:12.280 That 200 billion is gone.

00:16:13.600 There's a lot of, what happens if you eliminate war?

00:16:16.060 What happens to those industries? 0.57

00:16:17.260 All the bombs, all the missiles.

00:16:18.380 Hundreds of billions of dollars is gone.

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00:18:01.920 Another one that says Golf of America, Golf of Mexico.

00:18:03.840 On the side, it says Future Looks Bright.

00:18:05.280 On the back, it says Valuetainment.

00:18:06.420 That's sick right there.

00:18:07.060 And this one is sick.

00:18:07.820 This is my favorite.

00:18:08.880 Oh, I love that one.

00:18:09.420 This is going to fly off the shelves.

00:18:11.820 Golf of America, Valuetainment, red, white, and blue.

00:18:15.480 This is legit.

00:18:16.260 And then we got the shirts to match the hats.

00:18:19.220 This is where it's at.

00:18:20.300 So go place an order.

00:18:21.560 Anything above $100 shipping and handling is free.

00:18:23.980 But anything you place the order, you will get.

00:18:26.340 Oh, by the way, this goes with the hats.

00:18:27.340 It goes with the hat.

00:18:28.000 Look at this.

00:18:28.560 Put this with the hat.

00:18:29.560 That is actually pretty sick right there.

00:18:30.620 That works.

00:18:31.440 Okay.

00:18:31.720 That's actually pretty sick right there.

00:18:32.840 Together.

00:18:33.740 Anyways.

00:18:34.060 Go to vtmerch.com.

00:18:35.920 Place your order.

00:18:37.700 Keychain.

00:18:38.220 Zoom in on the keychain so that they can see it.

00:18:40.240 A Valuetainment and U.S. keychain will be sent to you right there.

00:18:43.620 Zoom in a little bit on that keychain.

00:18:44.820 There you go.

00:18:45.160 Check that out.

00:18:45.580 It's pretty sick.

00:18:46.120 So go to vtmerch.com.

00:18:47.480 Place your order.

00:18:48.640 Let the world know.

00:18:49.440 It's officially Golf of America.

00:18:51.260 If you enjoyed this video, you want to watch more videos like this, click here.

00:18:53.960 And if you want to watch the entire podcast, click here.

Valuetainment - May 14, 2025

“Suckers of America” - Trump’s Prescription Drug Executive Order Demands Global Price Match

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