"As President Donald Trump entered office this week, one of his first major policy moves on healthcare was to roll back a Biden administration executive order aimed at lowering prescription drug prices. In doing so, he appears to have scrapped a below-the-radar federal effort to make more generic drugs available to Medicare patients for just $2 a prescription...." "...In late 2022, former President Biden signed an executive order urging federal healthcare regulators to devise new payment models for Medicare and Medicaid that would help lower prescription costs. The move was meant to build on the recent passage of the Inflation Reduction Act, which, for the first time, allowed Medicare to negotiate with manufacturers on drug prices.
In response, the Center for Medicare and Medicaid Innovation proposed a handful of potential projects, one of which would have invited Medicare prescription drug plans to voluntarily offer a standardized list of frequently used generic drugs with a $2 co-pay, making costs easier to predict for doctors and patients. The idea was borrowed partly from large pharmacy chains such as Walmart, which offers customers a straightforward $4 drug list." --Yahoo finance
Keep in mind, this program, as well as the program Biden crafted where medicare now has the ability to negotiate drug pricing, directly correlates to the cost of premiums those on Medicare have to pay. And btw, if the GOP has their way, they would kill that too.
"GOP senators introduce bill to stop Medicare from negotiating lower drug prices." So it's a potential double whammy.
So, as for the "but why?" question from the articles title. This:
"Pfizer executives descend on Donald Trump’s Mar-a-Lago for planning meeting." That was 2 weeks ago. The killing of any attempts to lower deductibles happened 3 days after his inauguration. Notice there are NO pledges to lower prescription costs, which he failed to do, this Trump go around. And no, kind of like Trump freezing federal funds but blaming it on a computer outage, there are no coincidences with this admin. Welcome to the oligarchs, USA style.