Trump vows to cut drug prices by 1,500%—the reality behind the claim

Former U.S. President Donald Trump has made headlines once again with a bold pledge: to slash prescription drug prices by an astonishing 1,500%. While the claim has generated buzz among his supporters and sparked debate across the political spectrum, the sheer scale of the number has left many experts, analysts, and everyday Americans questioning exactly what such a figure means, whether it is mathematically possible, and how it might be achieved in practice.

At face value, the promise is eye-catching. Drug prices have been a persistent source of frustration for millions of Americans, with rising costs affecting not only patients but also insurers, hospitals, and state budgets. The idea of slashing prices to a fraction of their current levels is appealing, particularly to those who struggle each month to afford critical medications. However, when the number in question exceeds the total cost of the product itself—something a “1,500% reduction” would imply—it inevitably raises questions about the accuracy and intent behind the statement.

To assess the practicality of such a claim, examining the mathematics is crucial. In simple terms, a complete 100% reduction means the product would have no cost. Exceeding this—especially achieving 1,500%—is inconsistent with traditional pricing principles. A decrease of 1,500% implies not only removing the cost altogether but also compensating consumers multiple times for acquiring the medication, which is not a standard procedure in any market, particularly not in the pharmaceutical sector.

This has caused analysts to think that the number might be more figurative than exact, meant to highlight the intensity of Trump’s discontent with existing pricing frameworks, rather than act as an exact mathematical policy proposition. Trump is known for employing exaggerated language to draw attention and shape policy discussions, and this comment seems to adhere to that trend.

Still, underneath the exaggerated figure lies a real and ongoing policy issue: the exceptionally high cost of prescription medications in the United States compared to other developed countries. The U.S. pharmaceutical market is unique in that it allows for drug prices to be set largely by manufacturers, without government-imposed caps seen in countries with single-payer systems or more aggressive price negotiation frameworks. As a result, some drugs cost several times more in the U.S. than they do elsewhere, leading to public outrage and increasing calls for reform.

Trump’s past actions concerning drug pricing provide some understanding of how he could tackle the issue if he has the chance. While he was in office, he advocated for a “most favored nation” rule aimed at linking U.S. drug costs to the less expensive rates paid by other affluent countries. Nevertheless, this plan encountered significant opposition from the pharmaceutical sector and was eventually halted by the courts. Additionally, he issued executive orders designed to permit the import of specific medicines from Canada, due to their reduced costs. However, these efforts encountered logistical and legal challenges that hindered their broad execution.

The 1,500% number is best comprehended when seen within the larger framework of Trump’s political agenda. By delivering an extraordinary commitment, he presents himself as an advocate for consumers, simultaneously portraying his adversaries—be they Democrats, industry leaders, or bureaucrats—as protectors of an unfair system. In truth, any meaningful decrease in medication costs would necessitate collaboration among Congress, regulatory bodies, and the pharmaceutical industry, as well as substantial modifications to patent legislation, rules on pricing transparency, and Medicare’s ability to negotiate.

Economic experts warn that while aggressive price cuts could lower costs for patients in the short term, they could also have unintended consequences. The pharmaceutical industry often argues that high drug prices help fund research and development, enabling the creation of new treatments. A drastic reduction in revenue, they contend, could slow innovation and reduce the number of new drugs brought to market. Critics of this argument counter that much of the industry’s R&D budget is funded by taxpayers through grants and government-backed research programs, and that drug companies often spend more on marketing than on developing new treatments.

For patients, the implications are concrete and urgent. Numerous Americans limit their use of medications, miss doses, or entirely forgo treatments due to expensive prices. In critical situations—like insulin needed by diabetics or chemotherapy drugs required by cancer patients—prohibitive costs can lead to severe outcomes. The dissatisfaction of the public is justified, and leaders from both political parties have acknowledged the powerful appeal of pledging to provide relief.

Trump’s recent declaration resonates with this discontent but omits many specifics. Which medications would be impacted by these substantial price decreases? Would the price reductions affect brand-name medications, generics, or both categories? How would the government implement these reductions within a predominantly private, market-oriented healthcare framework? Without addressing these queries, the pledge seems more like a headline-grabbing announcement than a solid policy proposal.

The political calculus is clear: drug pricing is a bipartisan concern, and making sweeping promises can be a powerful campaign tool. But the execution is far more complicated. Past efforts to overhaul the system have stumbled over the influence of pharmaceutical lobbyists, the complexity of U.S. healthcare laws, and the global nature of the drug supply chain. Any attempt to radically alter pricing would likely face years of legal challenges and political resistance.

Currently, minor and gradual changes have proven to be somewhat effective. The Inflation Reduction Act, enacted during President Biden’s term, introduced policies enabling Medicare to discuss prices for specific expensive medications for the first time and imposed limits on insulin costs for the elderly. Although these changes are less comprehensive than Trump’s expansive language, they signify concrete progress toward making healthcare more affordable.

Whether Trump’s 1,500% promise is remembered as a serious policy idea, a rhetorical flourish, or simply campaign theater will depend on how it is developed in the months ahead. For now, it stands as an example of how political language can blur the lines between ambition and reality—especially on issues as deeply personal and financially burdensome as the cost of medicine.

The core issue is that people in the United States spend much more on prescription medications than those in similar countries, and resolving this inequality will demand a comprehensive, ongoing strategy. Be it via negotiation, regulation, or overhauling the pharmaceutical industry, the aim to reduce expenses is a common objective. The difficulty is transitioning from ambitious commitments to practical, legally viable, and economically feasible remedies—something no government, whether Republican or Democrat, has completely succeeded in accomplishing.

By Noah Thompson