President Trump has made lowering prescription drug prices a clear priority, repeatedly arguing that Americans should not be forced to pay more for medicine than patients in other developed countries. Drugmakers have publicly welcomed that message. But their actions tell a more complicated story.
First reported by Reuters this week, pharmaceutical companies are raising list prices on more than 350 drugs for 2026. Many of the increases were small, but others were not, including sharp hikes on certain hospital-administered and specialty medicines that patients and providers rely on every day.
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