India, Aug. 18 -- New data confirms that prescription drug prices in the United States has recorded their largest annual decline in more than 60 years. The steepest drop since 1963 is attributable to the Trump Administration's landmark Most Favored Nation policies, says the White House.
As per the Consumer Price Index for July, prescription drugs index decreased 0.8 percent.
Through Most Favored Nation pricing, 17 of the world's largest drug manufacturers - covering approximately 86 percent of the branded drug market - have agreed to bring U.S. prices in line with the lowest paid by comparable developed nations, ending decades of Americans subsidizing cheaper drugs abroad and forcing fair pricing for patients at home.
The Trump Administr...