Newsweek
President Donald Trump has been accused of raising prescription drug prices for seniors by immediately rescinding former President Joe Biden's executive order to lower costs after beginning his second term on Monday.
Amid an avalanche of executive orders from Trump on Inauguration Day, Biden's executive order 14087, "Lowering Prescription Drug Costs for Americans," was among several dozen that Trump reversed in an order targeting the "recession of harmful executive orders and actions."
Biden's order directed the Department of Health and Human Services to explore strategies to reduce costs. The U.S. Centers for Medicare & Medicaid Services (CMS) responded to the order with programs to cap the price of certain generic drugs at $2 for Medicare beneficiaries, improve Medicaid access to high-cost cell and gene therapies and to streamline the evidence-gathering process for new drugs.