This comes after President said in interview with Fox News' Sean Hannity that Medicare and Medicaid would be "untouched."

U.S. President Donald Trump is set to meet with top pharmaceutical executives on Thursday, a White House official confirmed. The discussions will focus on Medicare drug price negotiations, pharmacy benefit managers (PBMs),

Dan Bishop, a former House lawmaker, said he expects the White House to avoid cuts to Social Security and Medicare.

Key Takeaways President Donald Trump has embarked on a plan to cut up to $2 trillion from federal government spending. Some economists and analysts said to achieve that goal, the White House would need to cut safety net programs such as Social Security and Medicare.