House Speaker Mike Johnson (R-La.) said prescription drug prices have fallen to their lowest level in more than 60 years, crediting President Donald Trump and congressional Republicans for delivering lower costs for Americans.
Johnson Touts 60-Year Low In Prescription Drug Prices
On Tuesday, in a post on X, Johnson said, “Prescription drug prices are at their LOWEST LEVELS in more than 60 years, thanks to @POTUS and Republicans.”
“Americans are seeing lower costs and more money in their pockets,” he added.
The Republican leader said the decline represents more than a political promise, calling it a “REAL, POSITIVE result” that “American people deserve.”
Rapid Response 47 similarly credited Trump, writing: “Many have promised — but ONLY President Trump has actually delivered lower prescription drug prices.”
Medicare Drug Talks Drive Price Drop
A federal judge in Washington, D.C., rejected Merck & Co. Inc.’s (NYSE:MRK) constitutional challenge to the Medicare Drug Price Negotiation Program and upheld the Inflation Reduction Act.
Meanwhile, prescription drug prices fell 3.1% year over year in July, their sharpest decline in more than 60 years, according to Bureau of Labor Statistics data.
The White House highlighted the decline as evidence of President Donald Trump’s success, with Trump saying, “I told you that was going to happen.”
However, economists pointed to several factors, including Medicare drug-price negotiations established under Biden’s 2022 Inflation Reduction Act, as contributors to the decline.
Oz Defends Medicare, Vaccine Policies
CMS Administrator Mehmet Oz said the administration planned to strengthen Medicare’s finances through drug-price reforms, fraud reduction and AI technology.
He said the proposed Great American Health Act would codify most-favored-nation drug pricing and claimed CMS had cut $42 billion in Medicare fraud over the previous year.
Oz also said 17 pharmaceutical companies representing 85% of the drug sector had agreed to the pricing approach and highlighted $50-a-month GLP-1 drugs for eligible Medicare beneficiaries.
Separately, Oz defended parental choice on childhood vaccinations and clarified Trump’s comments about the MMR vaccine, stating, “No, the MMR vaccine is not a lethal vaccine.”
His comments came as CDC data showed 92.4% of U.S. kindergartners received the MMR vaccine during the 2025-26 school year.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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