Trump dismissed the order as part of what he called Biden’s “unpopular, inflationary, illegal, and radical practices.”

Trump rescinded Executive Order 14087, "Lowering Prescription Drug Costs for Americans," which directed Medicare and Medicaid agencies to research and implement models for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.

President Donald Trump voided an executive order signed by former-President Joe Biden aimed at lowering prescription drug prices.

President Trump rescinded a Biden-era Executive Order that would have lowered the copays for some drugs to $2 for Medicare enrollees.

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

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 US President Trump rescinded Joe Biden's executive order 14087,

The Trump administration’s first drug pricing action — rescinding a Biden executive order encouraging Medicare to help lower prescription costs — is befuddling drug pricing experts.

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. Monday's actions also follow through on a key goal of Trump's first term -- weakening the Affordable Care Act.