Fact-checking a presidential claim on drug prices
Amazing news! Drug prices declined in 2018 — according to our commander-in-chief, anyway. Problem is, the claim by President Trump the other day is demonstrably false.
As STAT's Casey Ross points out, it’s true that a record number of generic drugs have been approved under Trump's administration, thanks to regulations aimed at speeding these drugs to the market. But reports show again and again that price increases are continuing across the board. The percentage of these hikes may be seeing a nominal decrease — but that’s a far cry from an overall decline in drug prices.
Read more.
As STAT's Casey Ross points out, it’s true that a record number of generic drugs have been approved under Trump's administration, thanks to regulations aimed at speeding these drugs to the market. But reports show again and again that price increases are continuing across the board. The percentage of these hikes may be seeing a nominal decrease — but that’s a far cry from an overall decline in drug prices.
Read more.
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