Fact Check: The Trump Era Has Been a Gold Mine for Drug Companies

Dean Baker is one of the few lonely folks who continues to hold out hope that the truth matters in our fallen age. I’m still with him, despite the abundant evidence that we’re both wrong, so here he is factchecking Donald Trump’s claim that he’s tough on drug companies and has cut prescription drug prices bigly. You will be unsurprised to know that the data shows otherwise. My added value in this is that I draw better charts than Dean, so here’s the growth in spending on prescription drugs over the past few years:

Even in an era of low inflation, we are being forced to pay more and more for prescription drugs. Donald Trump has done absolutely nothing to rein this in.

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BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things they don’t like—which is most things that are true.

No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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