Transcript: Dr. Mehmet Oz on "Face the Nation with Margaret Brennan," Aug. 23, 2026
Summary
Dr. Mehmet Oz, head of the Centers for Medicare and Medicaid Services, discussed recent drug price drops on a TV interview. He explained that new policies are making drug prices lower by matching U.S. costs to prices in other countries, which helps Americans afford medicines more easily.Key Facts
- Drug prices in the U.S. fell by 3.1% year-over-year as of July 2026.
- This is the fastest drop in drug prices in 63 years and is expected to continue.
- About one in three Americans leave the pharmacy without prescribed drugs because they are too expensive.
- President Trump ordered the agency to make drug prices more similar to those in Europe and Asia.
- The Most-Favored-Nation Drug Pricing rule means drug companies must charge U.S. consumers no more than what they charge in other countries.
- Seventeen drug companies, representing 85% of the drug market, agreed to this pricing approach.
- Medicare recipients are beginning to get access to these lower-priced drugs.
- Programs like TrumpRx.gov are making cheaper medicines more available to the public.
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