Drug Prices Fell But Who Really Saved? | Augusta Georgia News

Prescription drug prices in the U.S. dropped 0.8% in July and 3.1% year-over-year — the biggest decline since 1963 — with the White House crediting Trump’s “most favored nation” deals and TrumpRx website. But experts say other factors, like Biden-era Medicare price negotiation and the rise of generics, are likely driving the drop. The Labor Department’s measurement doesn’t reflect your out-of-pocket cost, and the impact of Trump’s initiatives remains unclear due to unpublicized contracts and incomplete rollout. While overall prices fell, many patients still face high costs due to insurance plans, lack of alternatives for expensive drugs, and rising premiums. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/52a9ff1dddc561f6