Lawmakers oppose Trump’s reversal on Medicare drug prices
Jan 22, 2025
WASHINGTON (NEXSTAR) -- Concern is growing among Democrats after President Donald Trump reversed some of the former president's executive orders, including efforts to reduce prescription drug costs for Medicare and Medicaid beneficiaries.
"And within two days, in one of the first executive orders, they pull the rug out from under what we did," Senate Democrat Leader Chuck Schumer (D-N.Y.) said.
Schumer added that Democrats will pressure President Trump to continue negotiations for lower Medicare drug prices.
"When you ask Americans what is bugging them, what is really ticking them off? At the very top of the list is the high cost of prescription drugs," Schumer said.
Sen. Peter Welch (D-Vt.) also expressed concern.
"What we're seeing is the Trump administration trying to roll that back," Welch said.
The previous administration's efforts lowered the prices of 10 costly prescription drugs. Schumer hopes the president will build on that momentum.
"We have another 10, including Ozempic and Wegovy," Schumer said. "When you reduce the cost of those drugs and the ability to buy those drugs, you dramatically reduce the cost of health care."
Sen. Josh Hawley (R-Mo) said he is optimistic that Trump will continue efforts to control prices.
"I would be surprised if you see Medicare prices, drug prices rise under Donald Trump. My expectation would be that he will use every tool at his disposal to get drug prices low," Hawley said.