4-16-2026: Drugmakers raised* prices on hundreds of meds despite Trump deals, Senate Democrats' report finds [View all]

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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 administration’s “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.................................