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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WLOS ABC 13 News serves the Asheville, NC area and the rest of western North Carolina and Upstate South Carolina. We keep our audience informed through local news, weather forecasts, traffic updates, notices of community events, sports and entertainment programming since 1954.
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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 WLOS on social media:
WLOS ABC 13 News on Facebook: facebook.com/News13
WLOS ABC 13 News on X: https://x.com/WLOS_13
WLOS ABC 13 News on Instagram: instagram.com/wlos_13
Subscribe to WLOS on YouTube: youtube.com/user/ABC13Channel/?sub_confirmation=1
For all of the day’s top local and national news, visit wlos.com
Stream our newscasts LIVE: wlos.com/watch
Have a news tip? Send it directly to us:
Email us: news@wlos.com
Call the Newsroom: 828.684.1340
--
WLOS ABC 13 News serves the Asheville, NC area and the rest of western North Carolina and Upstate South Carolina. We keep our audience informed through local news, weather forecasts, traffic updates, notices of community events, sports and entertainment programming since 1954.
This video and all Sinclair Broadcast Group content archives of local news and sports coverage are available for your use. For more information contact us at contentsales@sbgtv.com
