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Trump rolls back Biden executive order to study methods of lowering prescription costs

  • President Donald Trump revoked a Biden executive order aimed at lowering prescription drug costs for Medicare and Medicaid recipients.
  • The rescission creates uncertainty about future federal actions on prescription drug pricing, although it does not immediately raise costs.
  • Democratic Senator Adam Schiff stated that Trump increased prescription drug costs for Americans on Medicare and Medicaid.
  • Some affordable drug policies, like the $35 cap on insulin costs, remain unaffected by Trump's executive order.
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  • 52% of the sources lean Left
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VERIFY broke the news in Washington, United States on Tuesday, January 21, 2025.
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