The fact that he was able to use the expression “see premiums fall by 3000 percent” without being laughed and booed off the stage tells you how we got into this mess. Americans can listen to that absurdity without realizing that a 3000 percent reduction is an obvious impossibility and the fact that they can has a hell of a lot to do with the current insane situation in which the nation finds itself. If the term could be construed to mean anything at all it would be that if you had been paying $100. monthly for insurance the insurance company now would pay you $2900. monthly for accepting their insurance coverage. That would mean that many people could literally quit their job and have free coverage plus a monthly income greater than they had been earning by working.
Of course the “brilliant” man reading that off a teleprompter never gave one second of thought to the absurdity of what he was reading and the speech was probably written by someone with a master’s degree and the equivalent in real world terms of a fourth grade education.