Trump shows off article on lower drug prices that says Biden deserves credit, not him
Summary
President Trump shared a Washington Post headline saying prescription drug prices dropped the most in over 60 years, but the article itself credits a Biden-era law for this drop. Experts and the article point to the Inflation Reduction Act, signed by President Biden, as the main reason drug prices fell.Key Facts
- President Trump showed reporters a Washington Post headline about a big drop in prescription drug prices.
- The headline credited the price drop but did not mention that experts said the credit belongs to President Biden’s policies.
- The Inflation Reduction Act, passed in 2022 under President Biden, requires Medicare to negotiate drug prices to lower costs.
- Experts from Harvard and Vanderbilt universities said the Biden law is a more likely cause of the price drops than Trump’s actions.
- Prescription drug prices fell by 3.1% in July, according to government data.
- Only 10 drugs have had prices negotiated under the Inflation Reduction Act so far, but they are commonly used ones.
- The White House communications director praised Trump for the price drop on social media without linking to the full article.
- The White House press secretary shared the photo of Trump showing the headline, highlighting the news.
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