Prescription drug prices are at their lowest level in 60 years.
Posted by The Dan Bongino Show, Checked
- Sources
- 3 contradict1 support4 context
- Said
- 1 time·
- Confidence
- 55%
The Dan Bongino ShowOct 16, 2026
The record supports a reading of the claim: US prescription drug prices fell 3.1% year over year in July 2026, the steepest annual drop since 1963 (AP, Inquirer, BLS data).
This claim is about the present, so it is judged as of the day it was checked.
What was said
… We have a secure border. We've not released a single illegal alien into the country in 16 straight months. We have more jobs, more opportunity. We created a million private sector jobs in the last 19 months in this country, and the success goes on and on. Lowest prescription drug prices in 60 years. That's because we did what we said we were going to do, and you have to keep those common sense principles and policies going because we have much more to do ahead of us. Man, that Hormel hash thing set the chat on fire. …
The Dan Bongino Show · · from the transcriptPost →What we found
Contradicts. The sources describe the size of a one-year price decline, not a price level. None states that current prescription drug prices are the lowest in 60 years, so the literal 'lowest level' reading is not supported.[1][4][5]
Supports. BLS Consumer Price Index data, as reported by AP and the Inquirer, show prescription drug prices fell 3.1% over the 12 months ending in July 2026, the steepest annual decline since March 1963.[1][4][6]
Context. The White House and Rep. Mike Johnson used 'lowest levels in 60 years' wording, but these are political statements by the claimants and do not independently verify the level claim.[3][7]
Context. Experts attribute the decline to several factors, including Medicare drug price negotiation under the Inflation Reduction Act, generic and biosimilar competition, and PBM reform, and FactCheck.org found no evidence Americans pay the lowest drug prices in the world.[1][2][6][8]
Sources
8 sources: 2 fact-checkers, 1 primary, 5 not rated
- 1Trump takes credit for drug price decline, but the reason is ...apnews.com · fact-checker · cited for: contradicts, supports, context
- 2FactChecking Trump’s Midterm Convention Speechfactcheck.org · fact-checker · cited for: context
- 3President Trump Extends Most Favored Nation Drug Pricing to Every ...whitehouse.gov · primary source · cited for: context
- 4Prescription drug prices record sharpest drop in more than 60 yearsinquirer.com · not rated · cited for: contradicts, supports
- 5Drug Prices Falling at Record Ratesnewser.com · not rated · cited for: contradicts
- 6What Is Causing US Prescription Drug Costs To Plummet?aol.com · not rated · cited for: supports, context
- 7Mike Johnson Says Prescription Drug Prices Are at 'Lowest ...yahoo.com · not rated · cited for: context
- 8'Is the President Telling the Truth?' Sanders Corners Trump FDA ...commondreams.org · not rated · cited for: context
Where this claim was made
Said in 1 published post
Related claims
- Prescription drug prices in the United States have experienced their sharpest decline in over 60 years.True
- Prescription drug costs have seen the largest decline in 60 years.True
- Prescription drug prices have experienced their largest decline in 60 years.True
- Prescription drug prices have experienced the largest drop in over 60 years.True
- The United States has experienced the largest decline in prescription drug costs in 60 years.True