The Dictatorship
Here’s how much Trump’s deals with drugmakers could save
WASHINGTON (AP) — White House economists estimate that President Donald Trump’s deals with pharmaceutical companies to drop some of their U.S. prescription drug prices to what they charge in other countries could save $529 billion over the next 10 years.
The analysis obtained by The Associated Press includes the first economy-wide projections behind a policy at the core of Trump’s pitch to voters going into November’s midterm elections for control of the House and Senate. Democratic lawmakers have been doubtful about the savings claimed by Trump and these new numbers are likely to trigger additional questions about the data.
Cost-of-living issues are at the forefront of voters’ concerns and higher energy prices tied to the Iran war have deepened the public’s anxiety. Trump has tried in part to address affordability concerns by focusing on his efforts to cut deals with companies so that the cost of prescription drugs in the U.S. would no longer be dramatically higher than in other affluent nations.
“Now you have the lowest drug prices anywhere in the world,” Trump said at a Friday rally before a crowd of seniors in Florida. “And that alone should win us the midterms.”
The analysis was done by administration officials for the White House Council of Economic Advisers. They also estimated that federal and state governments could save a combined $64.3 billion on Medicaid during the next decade because of what Trump calls his “most favored nation” policy on drug prices.
Few of the details of the deals struck by the Trump administration and 17 leading pharmaceutical companies have been made public, making it hard to independently verify the projected savings. The White House analysis sought to estimate the prospective savings as more medications come onto the market and fall under Trump’s framework — with one model in the report tallying the possible savings at $733 billion over a decade.
Trump and his Department of Health and Human Services have touted his drug-pricing deals as transformative and urged Congress to codify their principles into law. Democratic lawmakers have challenged the administration’s claims of savings. Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and 17 Senate Democrats in April proposed a measure requiring the administration to disclose the terms of the agreements signed by pharmaceutical companies.
“If these deals are so great, why is the Trump administration afraid of showing them to the public?” Wyden said when announcing the measure. Health Secretary Robert F. Kennedy Jr. said his team would share details that didn’t include proprietary information or trade secrets.
The potential savings estimated by the Trump administration would be substantial as Americans spent $467 billion on prescription drugs in 2024, according to the most recent government data available. The analysis is premised on the idea that foreign countries would also pay more for their prescription drugs, which would diversify drugmakers’ sources of revenue and preserve their ability to innovate with new treatments.
The Congressional Budget Office in October 2024 estimated that a plan similar to what Trump ended up adopting could reduce prescription drug prices by more than 5%, though the decrease “would probably diminish over time as manufacturers adjusted to the new policy by altering prices or distribution of drugs in other countries.”
The scope of the savings claimed by the Trump administration are likely to intensify the scrutiny by Democrats, who counter that any price reductions would be offset by higher costs for prescription drugs not covered by the “most favored nation” framework. One of their main critiques is that pharmaceutical companies have increased their profit margins while working with the administration.
In April, staff working for Sen. Bernie Sanders, I-Vt., released an analysis that looked at 15 of the companies that have agreed to this drug-pricing plan and found that their combined profits jumped 66% over the past year to $177 billion. The report noted that the tax cuts Trump signed into law last year “exempted or delayed many of the most expensive drugs” from price negotiations with Medicare.
The Trump administration has countered that they consider Sanders’ critique to be flawed, saying that it’s based on the list prices for pharmaceutical drugs instead the actual price that patients pay.
AMERICA’S 250TH — A GUEST ESSAY BY WALTER ISAACSON
When Thomas Jefferson finished a first draft of what was to become the Declaration of Independence, he sent it to Benjamin Franklin on the morning of Friday, June 21, 1776. “Will Doctor Franklin,” he wrote in his cover note, “suggest such alterations as his more enlarged view of the subject will dictate?”
For the next 10 days, the drafting committee made edits and tweaks. Most notable was the crafting of the soaring second sentence. Other nations had been born out of conquests and rebellions, usually based on tribal or religious identities.
But the United States was born out of an ideal, which they proclaimed in the memorable words: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”
It may be the greatest sentence ever crafted by human hand.
As we celebrate the 250th anniversary of the nation it brought forth, we have become increasingly polarized. But birthdays can be a time to put differences aside and celebrate, with gratitude, who we are. One way to lower the temperature is by appreciating anew the sentence that became our common creed and mission statement.
ON THE CALENDAR
No birthday party quite like a 250th. Americans will turn out this weekend in red, white and blue for barbecues, fireworks, parades and more in New YorkBostonChicagoLos AngelesMiamiHoustonCharlotte and everywhere in between. Happy birthday, America.
In the Big Apple, the “largest flotilla of the world’s tall ships” from more than 20 nations will sail down the Hudson through New York Harbor at Sail250. And down at Coney Island, Nathan’s Famous Hot Dog Eating Contest returns for its 111th year. The over/under, as always, is stomach-turning.
In Washington, the Capitol Fourth Concert — featuring Patti LaBelleKool & The Gang and the National Symphony Orchestra — joins the National Mall’s Great American State Fair and the Independence Day Parade down Constitution Avenue. A full dance card, even by D.C. standards.
In Atlanta, runners will fly down 10 kilometers of the Track Club’s Peachtree Road Race. And if you’re not fleet of foot, there’s a $100 gift card waiting for the best sign.
Out west, Festival Napa Valley’s summer season begins this weekend: operas, jazz orchestras and a culinary garden showcasing the best of Napa. No better way to spend a summer evening.
And on the pitch: the World Cup’s Round of 32 ends today, and the Round of 16 gets underway. Argentina faces the tiny but mighty Cape Verde; Canada and Morocco meet tomorrow; and Norway takes on Brazil Sunday.
And on Monday night in Seattle, the U.S. takes the field with a quarterfinal berth on the line. Not a bad way to ring in the next 250.
LETTERS FROM OUR READERS
For today’s special edition, we asked you about your fondest Fourth of July traditions. Here’s what The Tea community said:
My mom’s birthday was July 4, 1924. She always was a proud Yankee Doodle Dandy and a proud American. Dad, a WW2 vet, would always dress in red, white and blue from his hat to the socks every 4th of July for both the country and his wife. It was always bbq, family and whoever stopped by. Fun times that we still honor!
—Doug L., Charlotte, North Carolina
Every 4th of July my Dad, along with his fellow American Legion cronies, started the day with a flag raising ceremony in the town center-then, they all marched in the town parade and finally finished the day with the town fireworks. They did this tirelessly and with much pride year after year. These true blue real patriots taught me all I needed to know about being an American. Memorial Day, 4th of July, and Labour Day this group of Americans taught the entire town that being a proud American wasn’t about wearing red, white and blue or yelling at the top of our lungs, but rather quietly taking care of those who might need a helping hand. They’re all gone now, but the memory of what they did has stayed with me all of my 78 years. Happy Birthday, America!
—Anonymous
One of my most cherished memories is of my dad on July 4, 1976 — America’s Bicentennial. As a skilled pyrotechnician, he was entrusted with creating the fireworks display from a barge just off the coast of Long Beach, California. It was a breathtaking show that lit up the sky for hundreds, perhaps thousands, of spectators.
Standing there watching, I couldn’t have been prouder. Seeing my father’s talent and hard work bring so much joy to so many people is a memory I’ll carry with me forever. He loved this country and took great pride in celebrating its history that day.
P.S. He was a lifelong Democrat, and knowing him as I did, there’s no doubt he never would have voted for Trump.
— Roseann H., Canoga Park, California
As a child every year my small mountain community of Crestline in Southern California would hold a parade and I was so excited that I finally was able to ride my horse in it, much to my mother’s chagrin because she walked next to me!
—Kelly M., Temple, Texas
One 4th the parade was held in Houlton, Maine, and it snowed that day.
—Johnny L., Norwich, Connecticut
July 4th, 1976, found me in Zurich, Switzerland celebrating the holiday with other Americans working abroad. Some of my new friends were from the American south and some, like me, were from the north. The highlight of the evening was walking through the streets singing competitively, at the top of our lungs “I Wish I Was in Dixie” and “Yankee Doodle.”
— Monique N., Branford, Connecticut
Visiting the Gettysburg National Park on Independence Day 2025.
Outside of an active-duty military base, there is only one place I can think of where you will consistently see license plates from every corner of the country. Our national battlefields. Blue states and Red ones. East Coast and West Coast. Midwest ‘flyover states’ and Massachusetts. The apparently well-off and those who are probably struggling.
But, in some way, Americans who visit are on the same path of trying to understand why and who they are; not as themselves necessarily, but who they are in the big, collective puzzle of being American.
Where else do you see a rusted-out truck from the Midwest parked next to a brand new BMW with New York plates? Or a Mississippi big rig driven by a cigar-toting Southerner with a Confederate flag in his window beside a minivan from New Hampshire, piled to the ceiling with kids, bicycles, and a stressed-out dad?
(I observe the dad has a brief and friendly chat with the Mississippian. He ascended Little Round Top, hands on hips, let out a deep breath, and observed the Valley of Death below him. I felt his stress ease away as if he had a renewed understanding of life and what’s truly important in it, given the great context before him).
People from entirely different corners, abilities, and wealth, standing on the same piece of land their grandfathers engaged in combat over. Our shared history. There is a quiet but sure power about these places, bringing Americans together every day. The ground remembers who we are. It’s time for us to as well.
— Adam B., Mount Pleasant, New York
CATCH UP ON MORNING JOE
Former Rep. Joe Scarborough, R-Fla., is co-host of MS NOW’s “Morning Joe” alongside Mika Brzezinski — a show that Time magazine calls “revolutionary.” In addition to his career in television, Joe is a two-time New York Times best-selling author. His most recent book is “The Right Path: From Ike to Reagan, How Republicans Once Mastered Politics — and Can Again.”
Over the course of June, Donald Trump spent nearly every day focusing attention on assorted construction and beautification projects, emphasizing the unavoidable conclusion that the president takes his renovation crusade very seriously.
His allies aren’t necessarily pleased. The Hill recently reported that Republican officials, worried about the midterm elections and maintaining partisan control, have been “thrown off-balance” by, among other things, Trump’s focus on “pet projects” instead of more meaningful national priorities.
The list of projects keeps growing nevertheless. It includes (but is by no means limited to) the ballroomthe Reflecting Poolthe “triumphal arch,” the fountainsthe horse statuesthe “Trump Promenade,” the “statue garden” and the dozen or so additional renovation projects he’s prioritized in and around the White House complex.
But let’s also not forget the helipad.
A couple of months ago, The Washington PostThe Wall Street Journal and The New York Times separately published similar reports about Trump hoping to build a permanent helicopter landing site on the White House grounds. Evidently, those plans have now advanced to the construction stage. The Post reported this week:
President Donald Trump has begun construction on a new White House helipad, his latest change to the historic grounds, according to three people who spoke on the condition of anonymity because they were not authorized to discuss the project publicly.
Construction crews worked into the night Monday on the White House’s South Lawn, with the project blocked off by a large fence.
The report, which has not been independently verified by MS NOW, added that the project hasn’t yet been formally announced by the White House, even as construction is apparently underway.
It’s not yet clear how much the project will cost, who will pick the tab and whether this has joined the growing list of no-bid contracts.
Unlike some of the president’s other priorities, there is a legitimate issue here — the latest generation of helicopters really do damage the White House lawn — although this doesn’t answer the other lingering questions or explain why Team Trump hasn’t acknowledged the existence of the project.
What’s more, this almost certainly won’t be the last of the Republican’s projects.
Earlier this week, the president used his social media platform to promote an artificial intelligence-generated image of a gold eagle affixed to the White House exterior. Trump added in his online image, “A Golden Gift to the White House for its 250th Birthday Year!”
The text (which erroneously said the White House is celebrating its semiquincentennial) suggested the president intends to add this gaudy addition to his ambitious renovation agenda.
Recent polling has found two-thirds of Americans are convinced their unpopular president simply has the wrong priorities. Trump could take steps to change their mind, but he apparently doesn’t want to.
Steve Benen is a producer for “The Rachel Maddow Show,” the editor of MaddowBlog and an MS NOW political contributor. He’s also the bestselling author of “Ministry of Truth: Democracy, Reality, and the Republicans’ War on the Recent Past.”
The Dictatorship
Hegseth blasts protesters at ceremony for D.C. Safe and Beautiful Task Force: ‘Ingrates’
Defense Secretary Pete Hegseth on Thursday derided protesters at an event in Washington, D.C., tied to the America 250 celebrationscalling the demonstrators “ingrates” who are “blinded by ideology.”
The D.C. Safe and Beautiful Task Force event in Meridian Hill Park was set to begin at 9 a.m. ET but did not start until roughly 30 minutes later, as members of the National Guard waited for Hegseth’s arrival amid a brutal heat wave. Protesters shouted during his brief address, in which he said he was to blame for the delay and praised the troops for their service.
“In fact, this background noise this morning is perfect,” Hegseth said about the protesters, with White House adviser Stephen Miller and acting Attorney General Todd Blanche standing behind him.
“It’s the sound of ingrates, of ingratitude of people who are so blinded by ideology they can’t see law and order and common sense in front of them,” Hegseth said. “That there’s nothing ideological about this group, there’s nothing political about this exercise.”
Some protesters could be heard shouting “Shame!” and “Guard, go home!”
Pete Hegseth: “This background noise is perfect. It’s the sound of ingrates, of ingratitude, of people who are so blinded by ideology they can’t see law and order and common sense in front of them.” pic.twitter.com/aWt5ciuRG3
—Aaron Rupar (@atrupar)”https://x.com/atrupar/status/2072679604184109222?ref_src=twsrc%5Etfw”>July 2, 2026
National Guard troops have been deployed to assist with America 250 celebrations in the capital, though some Democratic governors have warned against their guard members being utilized for a larger federal joint task force to tackle what the Trump administration has called“rampant crime” in Washington.
Many Washington residents are not thrilled with the National Guard’s presence. The controversial America 250 festivities have also sparked criticism from Democrats who accuse President Donald Trump of putting himself at the center of the celebrations.
At the Thursday ceremony, Hegseth suggested the protesters were not from Washington.
“These ingrates will fade away; they’ll go back to wherever they came from,” he said, before asserting that National Guard troops have brought the crime rate down in the capital — a claim that at least one study has found to be inaccurate.
“The crime rate here has dropped in staggering amounts, and the media won’t want to admit it because, of course, they’d have to give credit to President Trump, and then they’d have to give credit to the Department of War or to Stephen Miller,” Hegseth said. “But courageous men like President Trump and Stephen, who said enough is enough, are the reason why this city is a safe and beautiful place.”
Clarissa-Jan Lim is a breaking news reporter for MS NOW. She was previously a senior reporter and editor at BuzzFeed News.
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