FACT CHECK: Biden Claims He Capped Insulin Costs for Medicare Enrollees

US President Joe Biden delivers the State of the Union address in the House Chamber of the US Capitol in Washington, DC, on February 7, 2023. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)
SAUL LOEB/AFP via Getty Images

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.

VERDICT: Misleading.

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.

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 jbliss@breitbart.com or follow him on Twitter @JacobMBliss.


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