Pharmacy Benefit Managers (PBMs) and Healthcare Reform

President-elect Donald Trump vows to take on Pharmacy Benefit Managers (PBMs) to reduce drug costs by eliminating the middleman. Trump introduced a policy in 2020 to allow seniors to benefit from rebates paid to PBMs by drug manufacturers. Joe Biden repealed this rule, but Trump and his healthcare team aim to bring it back for massive savings for seniors.

Trump Revokes Biden's Executive Order on Lowering Drug Costs

President Donald Trump rescinded an executive order issued by former President Joe Biden aimed at finding new models for lowering drug costs, but experts say the impact is minimal as the new models had not been implemented yet. Social media posts have exaggerated the consequences.