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Trump’s return to workplace was going to lead to drastic rapid modifications that many People clearly didn’t perceive once they solid their ballots for him. One of many modifications that Trump by no means talked about whereas campaigning was his plan to boost prescription drug costs for hundreds of thousands of seniors by reversing Biden’s order permitting Medicare to launch new packages to decrease prescription drug costs.
One of many first actions he took after taking workplace was to make pharmaceuticals costlier.
Among the many slew of Biden govt actions that Trump revoked was Govt Order 14087 of October 14, 2022 (Reducing Prescription Drug Prices for People).
According to a CMS report, EO 14087:
The EO directs the Secretary of HHS to “take into account whether or not to pick out for testing by the Innovation Heart new well being care fee and supply fashions that will decrease drug prices and promote entry to modern drug therapies for beneficiaries enrolled within the Medicare and Medicaid packages, together with fashions which will result in decrease cost-sharing for generally used medication and assist value-based fee that promotes high-quality care.”7 The EO additional directs the Secretary to submit a report back to the White Home’s Assistant to the President for Home Coverage no later than 90 days from the date of the EO “enumerating and describing any fashions that the Secretary has chosen,” together with “the Secretary’s plan and timeline to check any such fashions,” and to “take applicable actions to check any well being care fee and supply fashions mentioned within the report.
The order led to Medicare creating three modern experiments that will have lowered prescription drug costs for hundreds of thousands. One of many experiments required Medicare to supply generic medication for a flat $2 co-pay.
All of that’s gone now.
Medicare nonetheless has the facility to barter decrease prescription drug costs, however that was granted within the Inflation Discount Act, and it could take one other act of Congress to eradicate it, however there shall be no extra modern developments to decrease the price of pharmaceuticals for People.
As a result of the Trump presidency is all about making the federal government work for billionaires and companies.
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