CLAIM: President Joe Biden claimed during Tuesday’s State of the Union that the Democrats’ Inflation Reduction Act put a monthly cap 0f $35 on insulin costs for Medicare enrollees.
During Biden’s State of the Union address on Tuesday, he claimed,”Big Pharma has been unfairly charging people hundreds of dollars, four to five hundred dollars a month,” which is why “We capped the cost of insulin at $35 a month for seniors on Medicare. ”
Biden noted that this cap was part of the Democrats’ Inflation Reduction Act, which went into effect on January 1 year after being passed by Congress and signed into law earlier in his presidency.
FACT CHECK: President @realDonaldTrump is the one who capped insulin costs at $35.https://t.co/LYxh1yagEb
— MAGA War Room (@MAGAIncWarRoom) February 8, 2023
But former President Donald Trump’s administration actually struck a deal with insulin manufacturers and healthcare providers to drastically reduce the cost of insulin for American seniors who relied on Medicare during his presidency — and before Biden took office.
The deal Trump’s administration made limited the co-pay for a month’s supply of the drug to $35, as Breitbart News reported at the time.
However, in Biden’s first week in office, Biden’s administration announced a Regulatory Freeze Pending Review, which froze some of the new regulations signed by Trump, including the one to reduce the cost of insulin.
Jacob Bliss is a reporter for Breitbart News. Write to him at email@example.com or follow him on Twitter @JacobMBliss.
Originally Posted on: https://www.breitbart.com/politics/2023/02/07/fact-check-biden-claims-he-capped-insulin-costs-for-medicare-enrollees/
[By: Jacob Bliss