Uploaded August 2026 | Updated September 2026, 2 weeks ago
Prescription drug prices are falling at their fastest annual rate in more than six decades, offering potential relief to Americans who have struggled with the rising cost of medications.
New data shows prescription drug prices are down 3.1% from a year ago, marking the steepest annual decline since 1963. The Trump administration has pointed to greater price transparency, its most-favored-nation drug pricing policy and new prescription discounts as factors contributing to lower costs.
Speaking with The National News Desk, Dr. Ryan Cole, head of medical and scientific affairs and senior fellow of pathology at the Independent Medical Alliance, said the complicated structure of the U.S. prescription drug market has historically contributed to higher prices for American patients.
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Prescription drug prices are falling at their fastest annual rate in more than six decades, offering potential relief to Americans who have struggled with the rising cost of medications.
New data shows prescription drug prices are down 3.1% from a year ago, marking the steepest annual decline since 1963. The Trump administration has pointed to greater price transparency, its most-favored-nation drug pricing policy and new prescription discounts as factors contributing to lower costs.
Speaking with The National News Desk, Dr. Ryan Cole, head of medical and scientific affairs and senior fellow of pathology at the Independent Medical Alliance, said the complicated structure of the U.S. prescription drug market has historically contributed to higher prices for American patients.
_______________
Follow KEYE on social media:
Stay up to date with CBS Austin by downloading our app: cbsaustin.com/station/mobile-apps
Follow us on social media:
Facebook: facebook.com/CBSAustin
Twitter: twitter.com/cbsaustin
Instagram: instagram.com/cbsaustin
Subscribe to CBS Austin on YouTube: youtube.com/channel/UCT2FAPpgWOGGXtpheDT6jkQ//?sub_confirmation=1
Daily News Playlist: youtube.com/playlist?list=PLztFNpGmRDH0-G8xQ8GAl5b99SvhChtKb
For more information, visit cbsaustin.com
Have a news tip? Send it directly to us:
Email us: news@cbsaustin.com
Call the Newsroom: 512.490.2199
CBS Austin is a Texas based station and a CBS Television affiliate owned and operated by Sinclair Broadcast Group. Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country today
#KEYE #CBSAustin #News #Austin
