Drug prices have declined sharply, and Trump is taking credit. The reason behind the drop is complex

Federal data reports that U.S. prescription drug prices fell 3.1% from a year ago, marking the steepest year-over-year drop since 1963. Although the White House credits these price declines to Trump's drug deals, experts note that other factors are potentially more significant contributors. These complex factors include Medicare negotiations allowed by the Inflation Reduction Act and increased market competition from generic or biosimilar drugs.