OF THE MEDICINES INCLUDING DOZENS OF PRESCRIPTION DRUGS. INCLUDING DOZENS OF PRESCRIPTION DRUGS. NBC’S TOM COSTELLO AND PRESCRIPTION DRUGS. NBC’S TOM COSTELLO AND WHAT IT MEANS FOR YOUR NBC’S TOM COSTELLO AND WHAT IT MEANS FOR YOUR FAMILY. WHAT IT MEANS FOR YOUR FAMILY. >> Reporter: MONTHS FAMILY. >> Reporter: MONTHS AFTER SAYING IT WOULD >> Reporter: MONTHS AFTER SAYING IT WOULD DEFER RAISING PRICES, AFTER SAYING IT WOULD DEFER RAISING PRICES, THE WORLD’S BIGGEST DEFER RAISING PRICES, THE WORLD’S BIGGEST DRUG MAKER SAYS IT THE WORLD’S BIGGEST DRUG MAKER SAYS IT WILL HIKE PRICES BY 5% DRUG MAKER SAYS IT WILL HIKE PRICES BY 5% ON 41 PRESCRIPTION WILL HIKE PRICES BY 5% ON 41 PRESCRIPTION DRUGS EFFECTIVE ON 41 PRESCRIPTION DRUGS EFFECTIVE JANUARY 15th.
DRUGS EFFECTIVE JANUARY 15th. THOUGH, PFIZER SAYS JANUARY 15th. THOUGH, PFIZER SAYS MOST CUSTOMERS WON’T THOUGH, PFIZER SAYS MOST CUSTOMERS WON’T PAY MORE BECAUSE THE MOST CUSTOMERS WON’T PAY MORE BECAUSE THE PRICE HIKES WILL BE PAY MORE BECAUSE THE PRICE HIKES WILL BE OFFSET BY HIGHER PRICE HIKES WILL BE OFFSET BY HIGHER REBATES AND DISCOUNTS OFFSET BY HIGHER REBATES AND DISCOUNTS PAID TO INSURANCE REBATES AND DISCOUNTS PAID TO INSURANCE COMPANIES AND PHARMACY PAID TO INSURANCE COMPANIES AND PHARMACY BENEFIT MANAGERS. COMPANIES AND PHARMACY BENEFIT MANAGERS. MEMPHIS PHARMACIST BENEFIT MANAGERS. MEMPHIS PHARMACIST PHIL BAKER SAYS THE MEMPHIS PHARMACIST PHIL BAKER SAYS THE UNINSURED AND UNDER PHIL BAKER SAYS THE UNINSURED AND UNDER INSURED COULD BE UNINSURED AND UNDER INSURED COULD BE HARDEST HIT. INSURED COULD BE HARDEST HIT. >> THE IMPACT IS HARDEST HIT. >> THE IMPACT IS PEOPLE DIE AT THE END >> THE IMPACT IS PEOPLE DIE AT THE END OF THE DAY. PEOPLE DIE AT THE END OF THE DAY. PEOPLE CAN’T AFFORD OF THE DAY. PEOPLE CAN’T AFFORD THEIR MEDICINE. PEOPLE CAN’T AFFORD THEIR MEDICINE. THEY LEAVE IT AT THE THEIR MEDICINE.
THEY LEAVE IT AT THE COUNTER AND DIE. THEY LEAVE IT AT THE COUNTER AND DIE. >> Reporter: IN RECENT COUNTER AND DIE. >> Reporter: IN RECENT WEEKS, PRESIDENT TRUMP >> Reporter: IN RECENT WEEKS, PRESIDENT TRUMP CLAIMED CREDIT FOR WEEKS, PRESIDENT TRUMP CLAIMED CREDIT FOR CONVINCING PFIZER AND CLAIMED CREDIT FOR CONVINCING PFIZER AND OTHER DRUG COMPANIES CONVINCING PFIZER AND OTHER DRUG COMPANIES TO HOLD THE LINE ON OTHER DRUG COMPANIES TO HOLD THE LINE ON PRICES. TO HOLD THE LINE ON PRICES. >> WE’VE TAKEN BOLD PRICES. >> WE’VE TAKEN BOLD ACTION TO REDUCE THE >> WE’VE TAKEN BOLD ACTION TO REDUCE THE PRICE OF PRESCRIPTION ACTION TO REDUCE THE PRICE OF PRESCRIPTION DRUGS. PRICE OF PRESCRIPTION DRUGS. WE CALLED THEM AND DRUGS. WE CALLED THEM AND SAID YOU GOT TO REDUCE WE CALLED THEM AND SAID YOU GOT TO REDUCE THE PRICE OF YOUR SAID YOU GOT TO REDUCE THE PRICE OF YOUR DRUGS AND THEY DID THE PRICE OF YOUR DRUGS AND THEY DID YOU’RE GOING TO SEE DRUGS AND THEY DID YOU’RE GOING TO SEE DRUG PRICING GOING YOU’RE GOING TO SEE DRUG PRICING GOING DOWN.
DRUG PRICING GOING DOWN. >> Reporter: SO FAR DOWN. >> Reporter: SO FAR THIS YEAR DRUG >> Reporter: SO FAR THIS YEAR DRUG COMPANIES RAISED THIS YEAR DRUG COMPANIES RAISED PRICES ON 263 COMPANIES RAISED PRICES ON 263 MEDICATIONS BUT AN PRICES ON 263 MEDICATIONS BUT AN AVERAGE OF NEARLY A MEDICATIONS BUT AN AVERAGE OF NEARLY A PERCENT WITH MANY AVERAGE OF NEARLY A PERCENT WITH MANY CHOOSING TO GO PERCENT WITH MANY CHOOSING TO GO WITHOUT. CHOOSING TO GO WITHOUT. >> IT IS AN EPIDEMIC WITHOUT. >> IT IS AN EPIDEMIC IN OUR COUNTRY THAT’S >> IT IS AN EPIDEMIC IN OUR COUNTRY THAT’S UNADDRESSED. IN OUR COUNTRY THAT’S UNADDRESSED. >> Reporter: PFIZER UNADDRESSED. >> Reporter: PFIZER SAID ONLY 10% ARE.
