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Trump hails drug price decline not supported by the evidence

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WASHINGTON (AP) — President Donald Trump claims drug prices fell in 2018 for the first time in nearly 50 years, but the evidence doesn’t appear to be on his side.

A recent Associated Press analysis of prices for brand-name drugs found far more increases than cuts in the first seven months of 2018. The analysis found 96 price hikes for every price cut. The number of increases had slowed somewhat and were not quite as steep as in past years.

Trump tweeted Friday that “Our policies to get cheaper generic drugs to market are working!”

Just before the November election, Trump announced a price-reduction plan that ties what Medicare pays for certain drugs to much lower prices paid in other economically advanced countries.

Congressional Democrats have also introduced legislation to tackle the issue.

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

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The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands. Photo credit: @AP on Twitter
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
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