President Donald Trump rescinded an executive order issued by former President Joe Biden aimed at finding new models for lowering drug costs. Trump’s action didn’t affect the caps on seniors’ drug costs or Medicare price negotiations that Biden signed into law. But social media posts have wrongly claimed otherwise.
In TV ads, the pharmaceutical industry claims congressional plans to allow the federal government to negotiate drug prices in Medicare would deny beneficiaries’ access to medicines their doctors prescribe. Experts say that’s unlikely, and an inaccurate portrayal of recent legislation.
In a video farewell address on Jan. 19 and in remarks at Joint Base Andrews before leaving for Florida on Jan. 20, outgoing President Donald Trump distorted the facts on the economy, his tax cuts, veterans, the military, drug prices and more.
A day after his acquittal in the Senate impeachment trial, President Donald Trump made celebratory remarks in the White House on Feb. 6, thanking many Republican politicians and repeating several false and misleading claims, many of which we’ve checked before.
One aim the president and Democratic 2020 challengers share is the desire to bring down the price of prescription drugs. But is that already happening, or are prices still climbing? The two parties disagree, and it depends on how they’re measuring drug prices.