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Prescription drug prices in the U.S. have fallen by 0.8% in July and are down 3.1% year-over-year, the largest annual decline in over sixty years. This decrease is attributed to various factors, including agreements between pharmaceutical companies and the Trump administration, as well as Medicare negotiations under the Inflation Reduction Act. However, many Americans still face challenges affording their medications.
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Prescription drug prices in the U.S. have fallen by 0.8% in July and are down 3.1% year-over-year, the largest annual decline in over sixty years. This decrease is attributed to various factors, including agreements between pharmaceutical companies and the Trump administration, as well as Medicare negotiations under the Inflation Reduction Act. However, many Americans still face challenges affording their medications.
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Why prescription drug prices are plunging
Prescription Drug Prices Decline Significantly