America Quote by Donald Trump
“Pharma has a lot of lobbies and a lot of lobbyists and a lot of power and there's very little bidding on drugs. America is the largest buyer of drugs in the world and yet we don't bid properly and we're going to start bidding and we're going to save billions of dollars over a period of time.”
About This Quote
Source Speech: Remarks on Healthcare Procurement, United States, 2024
The quote highlights the influence of pharmaceutical lobbying and the lack of competitive bidding in US drug purchases, suggesting that introducing bidding could save billions.
In simple terms: Pharma power limits drug bidding; competition could save money.
Key Takeaway
Implement transparent bidding for drug procurement.
Themes
healthcare
economics
politics
corruption
policy
Mood
skeptical
optimistic
Type
policy
economic
When to use this quote
- government procurement
- hospital purchasing
- insurance negotiations
- pharmaceutical pricing
Key Concepts
lobbying
market competition
cost savings
Questions to Reflect On
- How can transparency be ensured in drug auctions?
- What safeguards prevent reduced quality?
A Different Perspective
Bidding may face legal challenges and industry resistance.
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