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Fact-check · Sep 10, 2026 · Donald Trump

“We actually took on big pharma and lowered drug costs for all of our”

MISLEADING
What the record shows
Medicare negotiated prices for 10 drugs (38-79% discounts, ~$1.5B in 2026 beneficiary savings) took effect Jan 2026. Simultaneously, drugmakers raised prices on 350+ other drugs in 2026 (median 4% increase). Savings limited to Medicare beneficiaries on selected drugs, not all Americans.
Sources
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