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President Donald Trump rescinded an executive order issued by former President Joe Biden aimed at finding new models for lowering drug costs, but experts say the impact is minimal as the new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.
Key Points
- Trump's revocation of Biden's executive order has minimal direct impact as the new models were not yet implemented
- Wind farms have some negative environmental impacts but result in significantly lower greenhouse gas emissions compared to fossil fuels
Pros
- President Trump's action does not reverse the Inflation Reduction Act provisions on drug costs for Medicare beneficiaries
- Getting energy from wind farms results in dramatically lower greenhouse gas emissions than getting it from fossil fuels
Cons
- The revocation of Biden's executive order ends the testing of new models to lower drug costs, which were still in development
- Social media posts have exaggerated the impact of Trump's action