No Result
View All Result
  • Login
Thursday, July 23, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Economy

Defending TrumpRx Scam, RFK Jr. Absurdly Claims Trump ‘Has His Own Way of Calculating’ Percentages

by FeeOnlyNews.com
3 months ago
in Economy
Reading Time: 3 mins read
A A
0
Defending TrumpRx Scam, RFK Jr. Absurdly Claims Trump ‘Has His Own Way of Calculating’ Percentages
Share on FacebookShare on TwitterShare on LInkedIn


Yves here. No matter how bad you think it is with Trump, it’s worse. RFK, Jr. continues (like so many Trump appointees) to embarrass himself by trying to defend Trump’s abjectly false claims, as opposed to trying to distance himself from them. Here, the topic is Trump claims of drug price reductions so large that the only way for them to be accurate would be if the government was paying patients to take them.

The focus on Trump’s poor mathematical skills obscures a point made by Elizabeth Warren below: that Trump’s supposed bargain-forcing TrumpRx in fact often sells drugs at prices well above those on the market now.

By Brad Reed, staff writer at Common Dreams. Originally published at Common Dreams

US Health and Human Services Secretary Robert F. Kennedy Jr. on Wednesday tried to defend President Donald Trump’s mathematically absurd claims about prescription drug prices by saying the president has his own unique method of calculating percentages.

During a Senate Finance Committee hearing, Sen. Elizabeth Warren (D-Mass.) grilled Kennedy about the president’s repeated false claims that he has slashed the prices of prescription drugs by as much as 600%, which would mean that pharmaceutical companies are paying consumers to take their medications.

“President Trump has his own way of calculating,” Kennedy replied. “There’s two ways of calculating percentages. If you have a $600 drug, and you reduce it to $10, that’s a 600% reduction.”

RFK Jr: “President Trump has a different way of calculating percentages. If you have a $600 drug and you reduce it to $10, that’s a 600% reduction.” pic.twitter.com/MjDNADqc8p

— Aaron Rupar (@atrupar) April 22, 2026

In fact, such a drop in price would represent a 98.3% reduction, less than one-sixth the size of the president’s claims. A 600% reduction in the price of a $600 drug would mean that drug manufacturer paid consumers $3,000 every time they picked up their prescription.

Kit Yates, a mathematician at the University of Bath, marveled at Kennedy’s attempts to create an alternate version of arithmetic.

“We’ve known for a while that the USA’s current regime have been out for science, but I never thought they would try to mess with math!” Yates wrote in a social media post. “You can’t just redefine how you calculate percentages.”

In addition to exposing Kennedy’s apparent ignorance of elementary mathematics, Warren shined a light on how the TrumpRx website misleads consumers into thinking they’re being offered bargains on prescription drugs that are available elsewhere in generic varieties.

In once instance, Warren noted that TrumpRx is selling a brand-name heartburn medication for $200, whereas a generic version of the same drug is available at Costco for $16. Warren also highlighted a heart arrhythmia drug for sale on TrumpRx for $336, even though a generic version of the drug is available at Costco for $12.

Warren added that, in exchange for making select brand-name drugs available on the TrumpRx website, pharmaceutical companies have gotten exemptions from the president’s 100% tariffs on imported patented medicines.

“Think about that: Big Pharma makes billions of dollars in tariff relief by listing their drugs on TrumpRx, and then they don’t even lower the costs on many of these drugs,” she said. “That is a great deal for Big Pharma.”

Warren’s analysis of TrumpRx’s pricing scheme echoes a March report from the Center for American Progress (CAP), which found that the president’s prescription drug website offered genuinely lower prices on “exactly one” of the 54 medications listed.

CAP also found that nearly one-third of the drugs available on the TrumpRx website have generic alternatives that were cheaper than what was being offered, and that the website made no mention of this.

Reuters reported in December that at least 350 branded medications are set for price hikes in 2026, including “vaccinesagainst Covid, RSV, and shingles,” as well as the “blockbuster cancer treatment Ibrance.”

Later in the Senate Finance Committee hearing, Sen. Bernie Sanders (I-Vt.) ridiculed Kennedy for claiming that, under Trump’s leadership, “the American people are now paying the lowest costs in the world rather than the highest for prescription drugs.”

“That is an absurd statement,” Sanders said. “Nobody in the world believes that.”





Source link

Tags: AbsurdlyCalculatingClaimsDefendingPercentagesRFKscamTrumpTrumpRx
ShareTweetShare
Previous Post

Senate Rejects Measures Meant to Lower the Cost of Gas, Groceries

Next Post

Do you need market-neutral ETFs in your portfolio?

Related Posts

Yes, Democratic Socialists Want Soviet-Style Control of Capital

Yes, Democratic Socialists Want Soviet-Style Control of Capital

by FeeOnlyNews.com
July 23, 2026
0

There is no doubt that people who identify as democratic socialists are making large gains in the Democratic Party. They...

Taxation Without Representation: An Enduring American Grievance?

Taxation Without Representation: An Enduring American Grievance?

by FeeOnlyNews.com
July 23, 2026
0

Few political ideas have proven as durable as the complaint embedded in the Declaration of Independence that the British Crown...

Iran War: Trump and Iran Exchange More Threats; Oil at  After Ansar Allah Tanker Strikes; House Passes .15 Trillion NDAA with Israel “Merger”; Trump Signs Saudi Nuclear Deal

Iran War: Trump and Iran Exchange More Threats; Oil at $98 After Ansar Allah Tanker Strikes; House Passes $1.15 Trillion NDAA with Israel “Merger”; Trump Signs Saudi Nuclear Deal

by FeeOnlyNews.com
July 23, 2026
0

Trump continues to escalate verbally. promising yet more war crimes, as the US reportedly moves more equipment to the theater....

Vance Is Positioning Himself For 2028—But No Candidate Is Free

Vance Is Positioning Himself For 2028—But No Candidate Is Free

by FeeOnlyNews.com
July 23, 2026
0

Vice President JD Vance is clearly beginning to separate himself from the disastrous foreign policy that has dragged the United...

It Is Always A Matter Of TIME

It Is Always A Matter Of TIME

by FeeOnlyNews.com
July 22, 2026
0

COMMENT: Mr. Armstrong, I’m a new subscriber and just wanted to say thank you. Your work has given me a...

Oracle’s Exploding Debt and Diving Stock Threaten Paramount Empire

Oracle’s Exploding Debt and Diving Stock Threaten Paramount Empire

by FeeOnlyNews.com
July 22, 2026
0

The foundations of the hastily assembled Ellison family hasbara media empire — Paramount, WBD, American TikTok — are cracking as...

Next Post
Do you need market-neutral ETFs in your portfolio?

Do you need market-neutral ETFs in your portfolio?

Defence, power themes attract interest, but challenges persist: Anand Tandon

Defence, power themes attract interest, but challenges persist: Anand Tandon

  • Trending
  • Comments
  • Latest
Coffee Break: Armed Madhouse – From Spy Satellites to Peace Satellites

Coffee Break: Armed Madhouse – From Spy Satellites to Peace Satellites

July 7, 2026
US prosecutors examine LA Dodgers owner Mark Walter-linked insurers – report

US prosecutors examine LA Dodgers owner Mark Walter-linked insurers – report

July 21, 2026
Bond Vet and Small Door Merge to Form One of the Nation’s Largest Premium Veterinary Networks – AlleyWatch

Bond Vet and Small Door Merge to Form One of the Nation’s Largest Premium Veterinary Networks – AlleyWatch

July 9, 2026
House backs an emergency brake on elder fraud

House backs an emergency brake on elder fraud

June 26, 2026
Salesforce, RightCapital, And YCharts Launch Their Own New AI Capabilities (And More Of The Latest In Financial #AdvisorTech – July 2026)

Salesforce, RightCapital, And YCharts Launch Their Own New AI Capabilities (And More Of The Latest In Financial #AdvisorTech – July 2026)

July 6, 2026
Your Next Forever Stamp Purchase Will Soon Cost More. See the New Price

Your Next Forever Stamp Purchase Will Soon Cost More. See the New Price

July 11, 2026
He baked potato in aluminium foil, and ate it next morning after microwaving. Hours later, he was paralysed, doctor explains why

He baked potato in aluminium foil, and ate it next morning after microwaving. Hours later, he was paralysed, doctor explains why

0
How to Stay Safe as Texas Temperatures Soar Past 100 Degrees

How to Stay Safe as Texas Temperatures Soar Past 100 Degrees

0
Comcast outlines separation timeline of approximately 1 year while expecting modest improvements starting in the third quarter (NASDAQ:CMCSA)

Comcast outlines separation timeline of approximately 1 year while expecting modest improvements starting in the third quarter (NASDAQ:CMCSA)

0
The Trump administration is revamping the era of the ‘gentleman scientist.’ It’ll cost 0 billion

The Trump administration is revamping the era of the ‘gentleman scientist.’ It’ll cost $200 billion

0
Taxation Without Representation: An Enduring American Grievance?

Taxation Without Representation: An Enduring American Grievance?

0
CryptoQuant: Ethereum Nears Market bottom vs Bitcoin

CryptoQuant: Ethereum Nears Market bottom vs Bitcoin

0
Comcast outlines separation timeline of approximately 1 year while expecting modest improvements starting in the third quarter (NASDAQ:CMCSA)

Comcast outlines separation timeline of approximately 1 year while expecting modest improvements starting in the third quarter (NASDAQ:CMCSA)

July 23, 2026
How to Stay Safe as Texas Temperatures Soar Past 100 Degrees

How to Stay Safe as Texas Temperatures Soar Past 100 Degrees

July 23, 2026
CryptoQuant: Ethereum Nears Market bottom vs Bitcoin

CryptoQuant: Ethereum Nears Market bottom vs Bitcoin

July 23, 2026
The Trump administration is revamping the era of the ‘gentleman scientist.’ It’ll cost 0 billion

The Trump administration is revamping the era of the ‘gentleman scientist.’ It’ll cost $200 billion

July 23, 2026
AI Breaks Out of a Secure Environment to Cheat

AI Breaks Out of a Secure Environment to Cheat

July 23, 2026
4 Ways To Catch Breakout Trades EARLY

4 Ways To Catch Breakout Trades EARLY

July 23, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Comcast outlines separation timeline of approximately 1 year while expecting modest improvements starting in the third quarter (NASDAQ:CMCSA)
  • How to Stay Safe as Texas Temperatures Soar Past 100 Degrees
  • CryptoQuant: Ethereum Nears Market bottom vs Bitcoin
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.