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Not waiting for the federal government, a number of states have taken their own legislative and regulatory steps to moderate drug prices. (Photo: Shutterstock)

A new report finds that drug manufacturers have continued to raise drug prices, despite promises by the Trump Administration to reduce the costs of prescription drugs.

The Associated Press analysis found that there were 96 price hikes for every price cut by pharmaceutical companies in the first seven months of this year. Although there were fewer drug price hikes than in a comparable periods in prior years, there still far more hikes than cuts. Changes in prices were similar—median price increases were slightly smaller, but so were price cuts, compared with other years.

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