Donald Trump has rescinded an executive order from President Joe Biden that sought to lower the price of drugs.

Despite online claims, President Donald Trump’s executive orders did not include removing Medicare’s $35 monthly out-of-pocket price cap, which is set by law.

Upon his return to the United States Presidency, Donald Trump signed a number of executive orders that will not have an immediate impact, but will take effect in the coming weeks.

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 secretary to consider "new health care payment and delivery models" for the Center for Medicare and Medicaid Innovation to test.

Concern is growing among Democrats after President Donald Trump reversed some of the former president's executive orders, including efforts to reduce prescription drug costs for Medicare and Medicaid beneficiaries.

Trump’s executive order halts an effort to cap the copayment for generic medications at $2 for Medicare beneficiaries.

President Donald Trump issued a flurry of executive orders and other actions on healthcare, signaling he intends to reverse many of Joe Biden’s moves.

The rescinded order directed Medicare and Medicaid to test ways to lower drug costs for enrollees. Those tests hadn’t started, so current drug prices are unaffected.

President Donald Trump began his second administration with a blitz of policy actions to reorient U.S. government priorities.

Biden's Executive Order to lower copays for some drugs to $2 for Medicare and Medicaid enrollees is nixed by President Trump.

An economy expert says short term, senior citizens will continue to carry the high costs of prescription drugs. but President Trump's long-term action could benefit the economy and eventually drive those prices down. 76-year-old Deana Deck is on a fixed income which makes affordable prescriptions a necessity.

The Democratic National Committee ( DNC) is going on the offense against President Donald Trump just two days into his second term, blasting the 45th and 47th President over what they say is a plan to follow through on the controversial Project 2025 agenda, including by cutting Social Security, Medicare and Medicaid.