The executive order, which Biden signed in October 2022, had not spurred any lower drug prices by the time Trump revoked it Jan. 20. The order directed the Health and Human Services Department secretary to consider "new health care payment and delivery models" for the Center for Medicare and Medicaid Innovation to test.

But actions the new president has taken in his first days on the job could hit Americans — particularly seniors — in the wallet. On Tuesday, the first full day of his new term, Trump scrapped former President Joe Biden’s Executive Order 14087,