On Day 1 of his second term of office, Trump rescinded Biden's Executive Order 14087, "Lowering Prescription Drug Costs for Americans." Trump's action ha

Trump's order, signed shortly after his inauguration on Monday, targets policies his administration calls "deeply unpopular" and "radical," NBC News reported. One of those now-cancelled policies directed Medicare to investigate ways to slash drug costs, including the possibility of a $2 monthly out-of-pocket cap on some generic medications.

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

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

The rescinded order directed Medicare and Medicaid to test ways to lower drug costs for enrollees.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.

Experts suggest that most Americans will not experience immediate changes in their out-of-pocket health care expenses.

Trump has reversed some of President Biden’s initiatives, including $2 monthly out-of-pocket cap on some generics and experimental pricing models for gene therapies. But so far the healthcare elements of the Inflation Reduction Act remain unchanged.

A new era has begun in the United States this week. Donald Trump wasted no time in signing several executive orders. US President Trump rescinded Joe Biden's executive order 14087,

An executive order designed to lower the cost of prescription drugs was one of the measures rescinded by President Donald Trump on Monday.

The move halts several pilot programs, including offering Medicare Part D recipients generic medications for a $2 copay.