Trump rescinded Executive Order 14087, "Lowering Prescription Drug Costs for Americans," which directed Medicare and Medicaid ...

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 ...

Trump reversed former President Joe Biden's order on "Lowering Prescription Drug Costs for Americans" on Monday.

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.

Drug pricing experts are not sure why rolling back drug pricing initiatives would be a day one priority for President Trump.