Trump’s Insulin Lies Were Immediately Debunked By Independent Fact Checkers
Last night, President Biden and Donald Trump took the debate stage for the first time in the 2024 election cycle. In an effort to run from his disastrous health care record, Donald Trump tried to take credit for lowering insulin costs for seniors. That’s a lie. In reality, President Biden and Democrats in Congress are the ones who capped insulin costs for seniors at $35 per month, and they also pressured drug companies to cap costs for everyone.
Here’s the truth: The prospect of another Donald Trump presidency means health care is on the chopping block. The MAGA Republican Party, led by Donald Trump wants to repeal the Inflation Reduction Act and Affordable Care Act, slash Medicaid and Medicare funding, repeal protections for pre-existing conditions, raise prescription drug and premium costs, and strip away health care from millions of Americans all while giving tax breaks to billionaires, CEOs and corporations. The contrast could not be more clear as President Biden continues his work to lower prescription drug prices and premium costs for people across the nation.
FACT CHECK
LIE: Trump Lowered Insulin Prices Trump said, “I’m the one that got the insulin down for the seniors. I took care of the seniors.”
REALITY: Trump had four years to take action on drug prices, but instead, he did nothing and now he’ll lie and say anything to cover up his failures. In reality, drug prices soared under Trump. During his first year in office, the list prices of 20 of the top 25 drugs covered by Medicare Part D increased between three and nine times the rate of inflation, according to KFF. AARP found that annual drug costs for the drugs most commonly used by seniors rose 5.8 percent in 2018, more than twice the rate of inflation. Likewise, drug prices increased an average of 21 percent in 2019 and rose faster than inflation in 2020. Further, Trump put profits over people and gave billions in tax breaks to drug and health insurance companies and executives, signing a $1.5 trillion tax bill disproportionately benefiting the wealthy and reducing the corporate tax rate from 35 percent to 21 percent.
SIDE-BY-SIDE: DONALD TRUMP AND PRESIDENT BIDEN ON HEALTH CARE
