VA secures $10B+ in pharmaceutical price reductions so far in FY 2026

WASHINGTON - The Department of Veterans Affairs today announced it has secured a record-high $10.44 billion in pharmaceutical price reductions so far in fiscal year 2026 - nearly double the value achieved in the last year of the Biden Administration.

During the second Trump Administration, VA launched a major effort to secure lower prices on the pharmaceuticals the department uses most frequently to treat Veterans, and this effort has yielded the highest level of price reductions ever recorded. Lower prices on pharmaceuticals enable VA to treat more Veterans and focus on emerging therapies that can be more expensive at the beginning of their product life cycle.

In FY 2024, VA achieved $5.23 billion in price reductions through these negotiations. But under President Trump, VA achieved $7.99 billion in price reductions in FY 2025 and is benefitting from $10.44 billion in price reductions so far in FY 2026.

"Under President Trump, VA is racking up huge wins for Veterans and taxpayers by demanding a better deal from pharmaceutical companies," said VA Secretary Doug Collins. "Our team already provides world-class care for Veterans, and through smart, tough negotiations with drugmakers, we will continue to deliver more care and better care than ever before."

Making the most effective use of congressional funding is just one of several steps VA is taking to serve Veterans better. For example, VA has:

• Enrolled more than 215,000 new Veterans in VA healthcare in 2026.
• Opened 40 new VA healthcare facilities since Jan. 20, 2025, expanding healthcare access for Veterans around the country.
• Reduced the backlog of Veterans waiting for VA benefits by more than 70% since Jan. 20, 2025, after it increased 24% during the Biden Administration.
• Completed a record high 82,083,918 direct care appointments in FY 2025, up 4.1% from FY 2024.
• Completed a record high 59,989,662 community care appointments in FY 2025, up 12% from FY 2024.
• Offered Veterans more than 3.1 million appointments outside of normal operating hours, giving Veterans more timely and convenient options for care.
• Permanently housed 51,936 homeless Veterans across the country in FY 2025, the highest total in seven years.