- Federal data show prescription drug prices fell 0.8% in July and 3.1% year‑over‑year — and President Trump is taking credit, citing "most favored nation" deals and the TrumpRx website.
- Experts say the drop likely reflects multiple forces — new generics and biosimilars plus Biden‑era policies (like the Inflation Reduction Act letting Medicare negotiate prices) — not a single Trump action.
- The CPI measure tracks what pharmacies are paid, not patients' out‑of‑pocket costs, so many people may not actually feel cheaper prescriptions despite the headline numbers.
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