drug prices Archives - FactCheck.org

Trump Touts Medicaid Drug Savings, But Details Remain Murky

October 5, 2026

President Donald Trump and other federal officials are claiming that deals the administration has struck with pharmaceutical companies are “rescuing state budgets” or helping to “save Medicaid” by saving the program tens of billions of dollars on prescription drugs over a decade. But experts say there are many unanswered questions about the scope of those deals that could limit the potential savings, including how many drugs they actually cover.

FactChecking Trump’s Midterm Convention Speech

September 10, 2026

In a nearly two-hour speech at the first Republican midterm convention, President Donald Trump promised to pay Americans if Republicans won, and he repeatedly said communists could take over Congress if they didn’t, among other familiar claims.

The Shaky Assumptions Behind Trump’s Over $500 Billion in Projected Drug Savings

June 18, 2026

President Donald Trump has touted more than $500 billion in prescription drug savings over 10 years from his policies. But the savings are largely aspirational, and not based on the more limited actions the administration has taken so far.

FactChecking Trump’s State of the Union Address

February 25, 2026

In the first State of the Union address of his second term, President Donald Trump proclaimed that “our nation is back, bigger, better, richer and stronger than ever before.” But our review of his speech found that he distorted a number of facts about the state of the economy, health care, immigration and other topics.

Trump Misleads on Drug Pricing Deals

February 18, 2026

President Donald Trump has said that Americans are now paying or will pay “the lowest price anywhere in the world for drugs,” thanks to the administration’s negotiations with pharmaceutical companies. The administration has announced discounted cash prices for a small number of brand-name drugs. There isn’t evidence Trump’s deals so far have led to broad decreases in drug prices, nor is it certain they will in the future.

FactChecking Trump’s Rapid-Fire Prime-Time Address

December 18, 2025

President Donald Trump blitzed through a prime-time address to the nation on Dec. 17, but while short, Trump’s speech contained a number of inaccurate or misleading claims, many of which he has repeated in public speeches for months.

Q&A on Trump’s Prescription Drug Pricing Executive Order

May 15, 2025

In signing an executive order aimed at reducing U.S. drug prices, President Donald Trump said some prices would be cut in half or more “almost immediately.” But the order is light on details of how the plan would be implemented.

Trump Order Didn’t Reverse All of Biden’s Measures to Lower Drug Costs

January 28, 2025

President Donald Trump rescinded an executive order issued by former President Joe Biden aimed at finding new models for lowering drug costs. Trump’s action didn’t affect the caps on seniors’ drug costs or Medicare price negotiations that Biden signed into law. But social media posts have wrongly claimed otherwise.

PhRMA Ad Misleads on Medicare Drug Negotiation Legislation

October 20, 2021

In TV ads, the pharmaceutical industry claims congressional plans to allow the federal government to negotiate drug prices in Medicare would deny beneficiaries’ access to medicines their doctors prescribe. Experts say that’s unlikely, and an inaccurate portrayal of recent legislation.

FactChecking Trump’s Farewell Remarks

January 20, 2021

In a video farewell address on Jan. 19 and in remarks at Joint Base Andrews before leaving for Florida on Jan. 20, outgoing President Donald Trump distorted the facts on the economy, his tax cuts, veterans, the military, drug prices and more.