NEW: Donald Trump Rolls Back Biden-Harris Rule to Lower Drug Costs for Millions of Americans Arrow

In response to Donald Trump rolling back Biden-Harris administration efforts to lower drug costs for Americans, DNC Rapid Response Director Alex Floyd released the following statement:

"Donald Trump is already following through on his dangerous plans to jack up the costs of drugs to appease his billionaire backers after the Biden-Haris administration took on Big Pharma and won. Trump is again proving that he lied to the American people and doesn't care about lowering costs - only what's best for himself and his ultra-rich friends."

NEW: Donald Trump signed an executive order rescinding the Biden-Harris order to lower drug costs.

White House: "The following executive actions are hereby revoked: …

"Executive Order 14087 of October 14, 2022 (Lowering Prescription Drug Costs for Americans)."

Center for Medicare and Medicaid Services: "President Biden issued Executive Order (EO) 14087, 'Lowering Prescription Drug Costs for Americans,' to further address prescription drug affordability through the work of the Centers for Medicare & Medicaid Services' (CMS) Center for Medicare and Medicaid Innovation (the Innovation Center). The Innovation Center tests innovative payment and service delivery models designed to reduce program expenditures while preserving or enhancing the quality of care furnished to its beneficiaries."

REMINDER: Trump said that "there is a lot you can do" to cut Medicare and Medicaid - programs that millions of American families rely on.

Joe Kernen, CNBC: "Have you changed your outlook on how to handle entitlements, Social Security, Medicare, Medicaid?"

Trump: "So first of all, there is a lot you can do in terms of entitlements, in terms of cutting."

Vox: "Trump just opened the door to Social Security cuts. Take him seriously."

Forbes: "Trump Floats 'Cutting' Spending On Entitlements Like Social Security And Medicare"

Rolling Stone: "Trump Floats Cuts to Social Security and Medicare"

Trump proposed cuts to Medicare and Medicaid in every single one of his budgets in his previous administration, siding with Big Pharma over hardworking Americans.

STAT News: "In a little-noticed move, a [Trump] Commerce Department unit has proposed a new rule that would prevent the federal government from using a controversial legal provision known as 'march-in rights' to combat the high prices of products developed with taxpayer dollars. And if adopted, the change may rob Americans of a tool that could be used to lower prescription drug costs, according to consumer advocates."

Washington Post: "His avowed stance, however, is at odds with Trump's own record as president: Each of his White House budget proposals included cuts to Social Security and Medicare programs."

In his FY18, FY19, FY20, and FY21 budgets, Trump repeatedly proposed hundreds of billions in cuts to Medicaid.

Vox: "Trump said he wouldn't cut Medicaid, Social Security, and Medicare. His 2020 budget cuts all 3."

ProPublica: "The Trump Administration Cracked Down on Medicaid. Kids Lost Insurance."

New York Times: "The Trump administration said on Thursday that it would allow states to cap Medicaid spending for many poor adults, a major shift long sought by conservatives that gives states the option of reducing health benefits for millions who gained coverage through the program under the Affordable Care Act."

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