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Trump rolls back Biden directive to study methods of lowering prescription costs

  • President Donald Trump revoked an executive order by former President Joe Biden that aimed to lower prescription drug costs for people on Medicare and Medicaid, as confirmed by multiple sources.
  • The rescission of Biden's order creates uncertainty regarding future federal efforts to lower drug prices, although it does not immediately change existing laws.
  • Democratic Senator Adam Schiff stated that Trump's action will increase prescription drug costs for Americans on Medicare and Medicaid, affecting over 120 million people.
  • Experts suggest that while the immediate impact on drug prices may be limited, Trump's decision could allow drug companies to raise prices more easily in the future.
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  • 55% of the sources are Center
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