Source: The American Prospect
by David Dayen
“The Trump administration is desperate for good news on inflation, so when they saw that prescription drug prices had dropped by the largest amount in 60 years, they grabbed onto that for dear life. ‘No previous Administration achieved this,’ the White House boasted in a press release, congratulating themselves for ‘delivering real relief to American families and putting patients first.’ It seems reasonably clear that the administration that delivered this was, in fact, the ‘previous Administration’, namely, Joe Biden’s. The lion’s share of the drop is attributable to drug price negotiations in Medicare, which just kicked in this year for ten high-priced medications. Some of the negotiated prices are 79 percent below the previous level. That Democrats put together a health care intervention designed not to lower prices until the next president’s term is severe political malpractice, but it happens to be the truth.” (08/27/26)
https://prospect.org/2026/08/27/health-care-reform-universal-coverage-medicare-for-all/