Drug prices fell for the third straight month in May, delivering measurable evidence that President Trump’s push to lower costs at the pharmacy counter is working, according to government data released Wednesday.
Prescription drug prices declined 0.9 percent in May, bringing the three-month cumulative decline to 2.39 percent since February. Over the past year, prescription prices are down 2.0 percent. Over-the-counter medications fell 0.8 percent in May, for a three-month cumulative drop of 2.68 percent and a year-over-year decline of 2.5 percent.
The sustained decreases mark a notable shift in a category that has long frustrated consumers and…
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