Firm says Senator Klobuchar overstates Trump’s lack of success lowering drug prices

CNBC News

27 June 2019 - Minnesota Senator Amy Klobuchar claimed in Wednesday’s debate that the prices of 2,500 drugs have gone up in double-digits since Trump took office.

Senator Amy Klobuchar lambasted President Donald Trump’s record on lowering prescription drug prices during Wednesday’ night’s Democratic primary debate, but an analysis from RX Savings Solutions shows the presidential candidate overstated Trump’s lack of success.

The Minnesota senator slammed Trump for failing to deliver on his promise to lower prescription drug prices, and for permitting what she called “giveaways” to pharmaceutical companies.

“The president literally went on TV, on Fox, and said that people’s heads would spin when they see how much he would bring down pharmaceutical prices,” Klobuchar said from Miami, Florida. “Instead, 2,500 drugs have gone up in double-digits since he came into office. Instead, he gave $100 billion in giveaways to the pharma companies.”

However, the number of drug price increases of 10% or more since Trump entered office is actually closer to 1,596, according to Michael Rea, a clinical pharmacist and founder of Rx Savings Solutions. Rea, analysing public disclosures of price increases, said that number also includes price increases for the same drug in different doses and package sizes.

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Michael Wonder

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Michael Wonder

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Medicine , US , Regulation , Pricing