Tue Jan 21 19:10:00 UTC 2025: **Trump Reverses Biden’s Drug Pricing Order, Renewing Concerns About Cuts to Social Security and Medicare**
WASHINGTON, D.C. – Former President Donald Trump has rescinded an executive order implemented by the Biden-Harris administration aimed at lowering prescription drug costs for Americans, sparking criticism from the Democratic National Committee (DNC). The DNC’s Rapid Response Director, Alex Floyd, accused Trump of prioritizing his “billionaire backers” over the needs of ordinary citizens.
Trump’s action revokes Executive Order 14087, which utilized the Centers for Medicare & Medicaid Services (CMS) to explore innovative payment models to reduce drug prices. This move follows Trump’s past statements suggesting significant cuts to entitlement programs like Social Security and Medicare. Multiple news outlets, including CNBC, Vox, Forbes, and Rolling Stone, have highlighted Trump’s previous proposals for cuts to these programs, which he included in each of his past budgets.
The Trump administration’s record on healthcare spending also came under scrutiny. The DNC pointed to a Commerce Department proposal that would limit the government’s ability to utilize “march-in rights” to lower drug prices, a tool intended to address high costs of taxpayer-funded products. Furthermore, the DNC highlighted reports detailing the Trump administration’s efforts to restrict Medicaid spending, potentially impacting millions of Americans’ access to healthcare.
The DNC press release emphasizes the stark contrast between Trump’s actions and the Biden-Harris administration’s commitment to lowering drug costs. The party characterizes Trump’s reversal as a betrayal of the American people and an indication of his prioritization of wealthy donors over the well-being of average citizens.
First Piper 