NEW: Drug prices fall at fastest rate in 50 years
Here’s yet another story you won’t see in the headlines: Under President Trump, prescription drug prices are decreasing at rates not seen since the 1960s.
The reason the media ignores this success is that it contradicts the left’s economic narrative. In their view, American healthcare was broken until Obamacare fixed it. (Of course, the fact that Democrat-Socialists are now calling for a “Medicare for All” takeover of healthcare reveals that their own policies have failed, but never mind that.) Any problems with healthcare today are solely because of President Trump, they claim.
The stats don’t lie. In the eight years before President Trump’s inauguration, prescription drug prices increased by a stunning average of 3.6 percent per year. Fast forward to today, and prescription medicine prices have seen year-over-year declines in 9 of the past 10 months, with a 1.1 percent drop as of the most recent month available.
This past June, in fact, the United States saw its largest single-year drop—a 2 percent year-over-year decline—in prescription drug prices since 1967.
That’s no coincidence. Through crucial reforms that most of the media ignored, the Trump Administration has continued to push through generic drug approvals at a record pace. When these drugs enter the market, they boost competition across the board, bringing the direct-to-patient costs down for everyone along with them.
American patients first—that was President Trump’s most important healthcare promise, and he meant it. Because of that, even without Congress’ help, America is better off today than it has been in a long time.
Prescription drug prices are falling at historic levels. Here is the real story. |
|
No hay comentarios:
Publicar un comentario