Trump attributes credit amid largest drug price decline since 1963

President Trump has credited his policies, including "most favored nation" drug deals and the TrumpRx website, for a decline in U.S. prescription drug prices, which fell 0.8% in July and are down 3.1% from a year earlier. Experts note that other factors, such as recent legislation allowing Medicare negotiation and increased generic drug competition, likely contributed to the price decrease. Despite the decline in drug prices, many consumers still face high costs due to insurance premiums and out-of-pocket expenses, which may not be directly reflected in official price indices.

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