Ouch. That's expensive.Not trying to defend gibberish but not all drugs are £50. I currently take 1 that is about £900 per injection of which is have 2 per month. I can only now have it due to the fact that it is now.the cheaper generic as the original manufacturer was twice the price. My medication isn't even a particularly e expensive one. Some treatments can cost many thousands. Therfore it would be theoretically possible to reduce by the ridiculous amounts but the reality is rather different, unless Americans are being charged huge amounts more as it's an insurance system and therefore the drug manufacturers take advantage. This often seems to be the case with car insurance claims over here which they said would be clamped down on, so who knows, maybe it was just an exaggeration, just not as excessive as it seems?
The key to his faulty math is he's claiming credit for a percentage cost cut not a dollar cost cut. A price can increase by 1500 per cent but cannot realistically come down by more than 100 per cent else it becomes free. 1500 per cent is 15 x 100 per cent, not $1500.
If you use your cost example at £900 and discount it by 100 per cent it becomes free (that'd be nice). £900 minus 100 per cent is £0.00.
On a dollar reduction basis a widget that costs $2000 per unit could have a price cut of $1500 with a new cost of $500. That's dollars not per cent.