President Trump announced Friday afternoon that he plans to convene a summit of health insurance CEOs to browbeat them into lowering prices — after he successfully coerced pharmaceutical companies to do so using the threat of tariffs.
Trump made the off-the-cuff announcement mere hours after venting on social media about insurers “ripping off America,” citing a Post op-ed on record corporate profits.
“I would say that maybe with one talk, they would be willing to cut their prices by 50, 60, or 70%,” Trump said at an event where nine pharmaceutical executives bent to his demands to reduce drug costs to align with rates paid by other developed countries.
Read more at https://nypost.com/2025/12/19/us-news/trump-says-he-will-haul-in-rich-health-insurance-ceos-to-force-them-to-cut-costs/
The New York Post is your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more.
Check out our three new podcasts:
NYNext (week): https://www.youtube.com/@nynext1
Pod Force One with MIranda Devine (weekly): https://www.youtube.com/@PodForce1
NY POSTcast (daily): https://www.youtube.com/@NYPOSTcast
Get The Post’s latest headlines everyday with our Morning Report newsletter:
https://tinyurl.com/NYPOSTSIGNUP
Catch the latest news at http://www.nypost.com.
Follow The New York Post on:
Twitter – https://twitter.com/nypost
Facebook – https://www.facebook.com/NYPost
