Trump Order Walks Back Biden-Era Effort To Lower Prescription Drug Prices. Here's Context

[phkrause]

There are still other Biden-era measures in place to reduce prescription drug prices, however.

Claim:

On Jan. 20, 2025, U.S President Donald Trump rescinded an executive order signed by former President Joe Biden aimed at lowering prescription drug prices for patients on Medicare and Medicaid.

Rating:

Mostly True

What's True

Trump's reversal of Biden's order halted implementation of a program meant to lower drug costs for Medicare beneficiaries.

What's False

The program Trump is halting would not have affected Medicaid beneficiaries, who were not included in the cost-cutting program to begin with.

Context

Trump rescinded Executive Order 14087, "Lowering Prescription Drug Costs for Americans," which directed Medicare and Medicaid agencies to research and implement models for lowering the costs of prescription drugs. Separate provisions in the Inflation Reduction Act of 2022 also aimed at lower prescription drug costs are still in effect.

https://www.snopes.com/fact-check/trump-biden-prescription-drug-prices/?