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The White House·

ICYMI: Drug Prices Are Falling at the Fastest Rate in Over 60 Years Under President Trump

  • Prescription drug prices have declined for the first time in decades under President Donald J. Trump, with the Consumer Price Index for drugs falling 4.5% year-over-year in 2026, marking the largest drop since 1963.
  • The TrumpRx program, launched in February 2026, offers cash-paying patients discounts on over 800 medications, significantly impacting the high demand for GLP-1 weight-loss drugs like tirzepatide & semaglutide.
  • Agreements with pharmaceutical companies Eli Lilly & Novo Nordisk have reduced GLP-1 costs for government programs & TrumpRx while expanding Medicare obesity coverage to a $50 monthly copay.
  • These initiatives primarily benefit uninsured patients & those whose private plans exclude GLP-1 obesity treatments, creating downward pressure on drug prices across all insurance plans.