Trump pulls back Biden drug pricing action
The Trump administration’s first drug pricing action — rescinding a Biden executive order encouraging Medicare to help lower prescription costs — is befuddling drug pricing experts.
Cap on prescription drug spending should help seniors save money. Will Trump keep the law?
The new cap — part of the 2022 Inflation Reduction Act — started in the new year. It's unclear whether the Trump administration will keep or repeal the law.
Trump scrapped a proposed $2 drug program for seniors. But why?
President Donald Trump rolled back a Biden administration executive order aimed at lowering prescription drug prices, including an effort to make more generic drugs available to Medicare patients for just $2 a prescription.
Trump’s prescription drug executive order rollback didn’t quash all Biden-backed cost savings
The executive order, which Biden signed in October 2022, had not spurred any lower drug prices by the time Trump revoked it Jan. 20. The order directed the Health and Human Services Department secretary to consider "new health care payment and delivery models" for the Center for Medicare and Medicaid Innovation to test.
Trump Ends Push To Slash Prescription Drug Costs
One of those now-cancelled policies directed Medicare to investigate ways to slash drug costs, including the possibility of a $2 monthly out-of-pocket cap on some generic medications. Monday's actions also follow through on a key goal of Trump's first term -- weakening the Affordable Care Act.
Trump’s early moves could actually increase drug prices for seniors
But actions the new president has taken in his first days on the job could hit Americans — particularly seniors — in the wallet. On Tuesday, the first full day of his new term, Trump scrapped former President Joe Biden’s Executive Order 14087,
President Trump undoes executive order aimed at lowering prescription drug prices
The president may have let his true priority slip during a Fox News interview. Sean Hepburn Ferrer, the son of the late Audrey Hepburn, shared his thoughts on Ivanka Trump wearing a dress originally designed for his mom to Donald Trump’s 2025 Inaugural Ball.
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