To date, no massive, across-the-board cuts are in the offing for drug prices, according to an AP fact check. Efforts announced in July 2020 by US President Donald Trump— such as allowing importation of medicines from countries where prices are lower — take a while to roll out. Therefore, Trump's claim that drug prices will be coming down by 80 to 90% under his administration is misleading as the result of his action is yet to be seen. Furthermore, while Trump took actions to reduce patient costs for some drugs, such as insulin, but the steps have been less ambitious than those in a bill from Speaker Nancy Pelosi, D-Calif., that the House passed in 2019. Her proposal would authorize Medicare to negotiate prices for expensive medications and use savings from lower drug costs to establish Medicare coverage for dental care, hearing, and vision.
Pharma drug prices will be coming down 80 or 90%
Have a question or correction on one of our fact-checks?
If you think a claim has been misjudged or requires correction, please send us evidence to support your error claim. We will revisit our evidence and verdict and conduct additional research to verify new information.