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Trump Claims Credit for 3.1% Medicare Drug Price Drop

8/16/2026

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Summary

Story summary

The White House posted a photo of U.S. President Donald Trump waving a Washington Post headline about a record prescription-drug price drop.
Trump said the decline was due to his actions.
Richard Frank and Stacie Dusetzina said the drop is linked to President Joe Biden’s 2022 Inflation Reduction Act, which lets Medicare negotiate prices and caused a 3.1% July decline.

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Story summary

The White House posted a photo of U.S. President Donald Trump waving a Washington Post headline about a record prescription-drug price drop.
Trump said the decline was due to his actions.
Richard Frank and Stacie Dusetzina said the drop is linked to President Joe Biden’s 2022 Inflation Reduction Act, which lets Medicare negotiate prices and caused a 3.1% July decline.