Donald Trump has rescinded an executive order from President Joe Biden that sought to lower the price of drugs.

In another bold executive action, President Donald Trump has authorized a broad freeze on $3 trillion in federal funds until his administration completes a full spending review. According to a two-page memo from Acting Director of the Office of Management and Budget Matthew J.

A provision about insulin in the Inflation Reduction Act is conflated with a 2022 executive order by former President Joe Biden on lowering prescription drug costs in posts online that suggest President Donald Trump has canceled the $35 insulin co-pay cap for certain Medicare programs.

President Donald Trump’s Day One executive order rescinding Biden-era Medicare and Medicaid price innovation programs signals sweeping changes to the drug and treatment pricing agency within the Centers for Medicare and Medicaid Services and perhaps a substantive shake-up in two of the largest federal social welfare programs.

The temporary moratorium on some federal financial assistance programs was set to take effect Tuesday, setting off widespread confusion.

Trump stopped a program that had been in the works and was intended to give Medicare recipients access to more than 100 generic drugs for $2 a month, according to another executive order signed on Trump's first day in his new term.

The move comes after the order sparked widespread criticism and confusion. A federal district judge had temporarily paused the freeze.

Three of Trump’s most controversial nominees will testify before the Senate on Thursday in what could be a make-or-break moment for his administration picks.

President Donald Trump issued a flurry of executive orders during the first ... one of the orders revoked was one that lowered prescription drug costs for people on Medicare and Medicaid. Several VERIFY readers asked us if these posts are true.

The two-page memo, which is set to take effect on Tuesday night, could impact lower-income households that rely on Medicaid, school breakfast and lunch programs; and the Special Supplemental Nutrition Program for Women,

January, the Biden administration released its proposed Medicare Advantage rates in 2026. These are the rates that the government pays insurers for the program to provide low-cost, affordable plans for seniors.