Trump Falsely Claims Americans Will Pay 'Lowest Price Anywhere' for Prescription Drugs

During his 2026 State of the Union address, President Trump claimed that "under my just enacted Most Favored Nation agreements, Americans who have for decades paid by far the highest prices of any nation anywhere in the world for prescription drugs will now pay the lowest price anywhere in the world for drugs." Fact-checkers from multiple outlets including FactCheck.org, PolitiFact, Washington Post Fact Checker, and AP Fact Check debunked this claim. While the administration negotiated discounted cash prices for a small number of brand-name drugs (approximately 15 medications), there is no evidence of widespread price decreases. Most Americans with private insurance or Medicare won't see changes at the pharmacy counter, and median list prices for brand-name drugs actually rose 4% in 2025-2026. The claim that U.S. drug prices are now the lowest globally is demonstrably false - Americans continue to pay significantly more than citizens in Canada, the UK, and other developed nations fo...

"Under my just enacted Most Favored Nation agreements, Americans who have for decades paid by far the highest prices of any nation anywhere in the world for prescription drugs will now pay the lowest price anywhere in the world for drugs." — Delivered during the 2026 State of the Union address to a joint session of Congress, broadcast nationally to millions of Americans.