Prescription drug prices record sharpest drop in more than 60 years.

While overall medical costs continued to rise, prescription drug prices fell by 3.1 percent in the year ending in July, the steepest annual decline since 1963.
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The White House took credit for the good news, saying President Donald Trump’s efforts to slash drug prices were working. Some experts said a Biden-era policy that requires Medicare to negotiate prices for some popular prescription drugs is more likely to be driving down costs.

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