Fact-check · Sep 2, 2026 · Donald Trump
“We reduced our prescription drugs by 60, 70, or 80%”
MISLEADING
What the record shows
Medicare negotiated drug prices range from 38-79% discounts off 2023 list prices for first 10 drugs (effective 2026); average net savings ~22%. Second round (15 drugs, effective 2027) ranges 38-85% off list prices. Speaker cites high-end discounts without baseline or population context.
Sources
- The Future of Prescription Drug Prices in the US
- Biden administration’s negotiated price cuts for 10 common ...
- S.1818 - 119th Congress (2025-2026): Prescription Drug Price Relief ...
- HHS Announces Cost Savings for 64 Prescription Drugs Thanks to ...
- Lower Prescription Drug Costs
- New Lower Drug Prices Under the Medicare Drug Price Negotiation ...
From: President Trump Participates in a Rose Garden Dinner
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