VA Press Room

New VA program available now to help homeless Veterans with emergency supplies and transportation.

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:

VA launches new clinical trial to evaluate the effectiveness and safety of psilocybin to treat major depression in Veterans, including those with concurrent post-traumatic stress disorder.

VA announces a new clinical trial to evaluate the efficacy of semaglutide, a GLP-1 receptor agonist used to treat diabetes, as treatment for alcohol use disorder (AUD).

VA will honor 49 Veterans of the Revolutionary War who are interred or memorialized in VA national cemeteries or VA-administered soldiers lots in private cemeteries, as part of the yearlong effort to commemorate America’s 250th anniversary.

VA approves $1.2 billion in VA infrastructure improvements in the third quarter of fiscal year 2026, part of a record $4.8 billion in non-recurring maintenance funds VA will deploy this year.

VA announced eight grants to educational and research institutions totaling $2,199,686 to memorialize Veterans interred in VA and VA grant-funded cemeteries as part of the National Cemetery Administration’s Veterans Legacy Program.

VA publishes proposals to reduce paperwork burden for Veterans seeking disability compensation benefits and Dependency and Indemnity Compensation, survivor’s pension, and accrued benefits,

VA and HHS sign memorandum of understanding to ensure the effective implementation of President Trump’s Executive Order on Accelerating Medical Treatments for Serious Mental Illness.

Since the start of 2026, more than 200,000 Veterans have enrolled in VA healthcare.