On the recordSeptember 21, 2000
And if I may, that is before we even apply the Federal contribution to the actual price of the item. So that 75 is cut in half. And, of course, we pay 100 percent of the remainder for the low-income and for middle-class folks, a half. So now we are talking about going from paying 100 percent of retail price to paying 37 rac{1}{2} percent of retail price. It is almost a two-thirds reduction in the cost of the pharmaceutical product to the average American.
Source
govinfo.gov
