CLAIM: President Joe Biden said in Thursday’s State of the Union address that he has placed a cap on the cost of insulin.
verdict. error. Former President Donald Trump first capped the cost of insulin, but now Biden is claiming credit after rejecting President Trump’s move to cap the cost of insulin.
biden Said In his speech:
We finally defeated Big Pharma with a bill that I introduced and signed, and not a single Republican voted for.
Instead of paying $400 a month for insulin, seniors with diabetes would only have to pay $35 a month.
And now I want to cap the cost of insulin at $35 a month for every American who needs it.
No American may want to see higher prices, but Biden was not the first president to cap the price of insulin for seniors.
One of Biden’s first actions after entering the Oval Office was to suspend President Trump’s executive order aimed at lowering the prices of insulin and epinephrine, which was supposed to go into effect on January 22, 2021. there were.
Breitbart News Senior Editor Joel Pollack wrote:
President Trump has taken pride in his efforts to lower drug prices in the absence of Congressional action, and has issued executive orders to eliminate Food and Drug Administration red tape for drug approvals and force the pharmaceutical industry to lower prices. exercised. Although he worked with industry on Operation Warp Speed to develop a vaccine much faster than previously thought possible, he repeatedly clashed publicly with industry that supported negative advertising against him.
Under President Trump, prescription drug prices have fallen overall for the first time in nearly half a century.
After pausing Trump’s push to lower insulin prices, Biden called on Congress to lower insulin prices in his 2022 State of the Union address. Biden claimed last year that he had capped the price of insulin, but Breitbart News found this also a misleading claim.
Sean Moran is a policy reporter at Breitbart News. Follow him on Twitter @SeanMoran3.
