President Donald Trump has said that Americans are now paying or will pay “the lowest price anywhere in the world for drugs,” thanks to the administration’s negotiations with pharmaceutical companies. The administration has announced discounted cash prices for a small number of brand-name drugs. There is no evidence that Trump’s deals so far have led to broad decreases in drug prices, nor is it certain they will in the future.
Despite these caveats and ambiguities, Trump has often presented lower drug prices as a fait accompli. “We now are paying the lowest price anywhere in the world for drugs,” he said in a Jan. 27 speech in Iowa. “Every other president tried for it. They didn’t try very hard. They didn’t get anything. I got it done.”

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