Dr. Oz Explains How the Trump Admin Got Big Pharma to Voluntarily Lower Prices

Dr. Mehmet Oz revealed a key tactic in the president’s approach to governing: the power to convene.

Dr. Mehmet Oz, head of the Centers for Medicare and Medicaid Services, after an interview with EpochTV’s “American Thought Leaders” in Washington on Jan. 16, 2026. Madalina Kilroy/The Epoch Times

The Trump administration has negotiated 15 deals in which pharmaceutical companies voluntarily agreed to lower prices on prescription medications in the United States. 

The negotiations broke the longstanding practice by manufacturers of charging up to 400 percent more for brand-name drugs in the United States than in Canada, the United Kingdom, and other developed nations.