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Prescription Drug Prices Post Sharpest Decline in More Than 60 Years
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The Washington Post, Approved, National

Prescription Drug Prices Post Sharpest Decline in More Than 60 Years

By Steve Thompson, Federica Cocco and Christopher Rowland | The Washington Post While overall medical costs continued to rise, prescription drug prices fell by 3.1 percent in the year ending in July, the steepest annual decline since 1963. Prescription drug prices recorded the biggest year-over-year drop in more than 60 years in July, a startling reduction experts chalked up to an array of factors, including more generics and discount GLP-1 weight-loss drugs. While overall costs for medical services continued to rise, prices for medicinal drugs fell 2.7 percent over the 12 months ending in July, the largest annual drop on record, according to Bureau of Labor Statistics data released Wednesday. Prescription drugs, part of the medicinal drug category, fell by 3.1 perce...
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Joondeph: Make prescription drugs affordable again
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American Thinker, Approved, Commentary, National

Joondeph: Make prescription drugs affordable again

By Dr. Brian C. Joondeph | Commentary, American Thinker Last week, President Donald Trump grabbed his Sharpie and signed an executive order to tackle the sky-high prescription drug prices in the U.S. The plan? A “Most Favored Nation” (MFN) pricing model that aligns U.S. drug costs with those of other countries.  Sound familiar? Trump tried this during his first term, but the courts rejected it, and Biden hit the 'undo' button. Here’s the lowdown on why Trump is back at it, what’s at stake, and whether this bold move will stick. Trump has promised cheaper drugs since his campaign days, alongside crowd-pleasers like building the wall and draining the swamp. Americans are fed up, paying nearly three times more for medications than people in other wealthy c...
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