Days after he sent letters instructing top pharmaceutical manufacturers to use a “most favored nation” pricing model for prescription drugs, President Donald Trump told reporters on Sunday that he had cut costs by up to 1,

"We've cut drug prices by 1,200, 1,300, 1,400, 1,500 percent. I don't mean 50 percent. I mean 14-, 1,500 percent," Trump said.

President Donald Trump has given major pharmaceutical companies 60 days to slash prescription drug prices or face action.