By: Brian Evans

The White House Council of Economic Advisors (CEA) report that was released last week revealed that prescription drug prices have dropped by more than 11% since President Trump took office in 2016, which is far below general inflation! In fact, it broke a trend of steady increases in drug prices that took place under the Obama Administration and their policies!

The White House Council stated that…

“In 2018, prescription drug prices even declined in nominal terms over the calendar year for the first time since 1972.”

They noted that the drop in prescription drug pricing was primarily due to the 2017 Drug Competition Action Plan, as well as, the 2018 Strategic Policy Roadmap that President Trump had signed! They attributed the drop in pricing was due to the reforms, which they said…

“enhances choice and price competition in the biopharmaceutical markets. We estimate that the results of…