4-16-2026: Drugmakers raised* prices on hundreds of meds despite Trump deals, Senate Democrats' report finds
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Drugmakers raised prices on hundreds of meds despite Trump deals, Senate Democrats' report finds
https://www.nbcnews.com/health/health-news/drugmakers-raised-prices-hundreds-drugs-trump-deals-senate-democrats-r-rcna332036
The findings raise questions about whether the administrations most favored nation deals are having a meaningful impact on patients.
Updated April 16, 2026, 9:50 AM CDT Berkeley Lovelace Jr.
President Donald Trump has repeatedly said his deals with drugmakers would bring down prescription drug prices in the U.S. But a report released by Senate Democrats finds prices have continued to climb in some cases, sharply.
The report released Thursday by Sen. Bernie Sanders, I-Vt., the ranking member on the Senate Health, Education, Labor and Pensions Committee, ahead of a hearing focused on drug prices found that companies that signed drug pricing deals with Trump have raised the cost of hundreds of medications and launched new ones at an average price of $353,000 a year.
American people continue to pay by far the highest prices in the world for prescription drugs, and that was true before President Trump was president. In most cases, it is even more accurate today," Sanders said at the hearing.
The price hikes include expensive gene therapies, cancer medications and multiple sclerosis drugs.
The report also said the companies that signed deals with Trump have made huge profits during his second term in office. In 2025, the companies made a combined $177 billion in profits, up from $107 billion the year before.................................
cachukis
(4,006 posts)of this reckless administration. Worrisome.
Akakoji
(529 posts)Im not sure that these price increases werent actually tacitly agreed to by the GOP Senate and House members beforehand. The way it works is that Pharma charges very high prices for all their new drugs, but also any drug that a patient might need to save their life. The GOP does not care about people that cant afford to pay huge sums of money for diseases we have treatments for. Its why they despise the ACA and Medicaid. A dead cost - as in patient with needs - to the system, even at the state level, is a welcome thing. They only thing that is stopping them is that they still need some live people to vote for them. If that changes, expect no state or the feds - as Trump was saying the other day - to have money to spend on any health care at all.
cachukis
(4,006 posts)Part of my clientele were captive counsel for insurance companies.
I got to know some of these attorneys pretty well.
Late 80's early 90's, HMO's became the game.
There was a push by Congress to establish a simple healthcare boilerplate.
The insurance companies countered if they had to sell basic full coverage plans they could not offer the coverage because they would lose money. They relied on selling various programs to increase their ability to provide coverage. I'm being simplistic.
They got away with it then and continue to do so.
Bristlecone
(11,133 posts)Its all talk and self-promoting hype. Always has been, always will be. Feed his ego and make him think hes winning, then fleece him right under his own nose.