B402, 'Numbers are right, numbers are right, a couple misleading and missing context. One false, an exaggeration.' One. In context of the State of Union of the used-to-be wannabe guy you enable, Biden's warts in his State of Union were very minor. My favorite in that fact-check -
Biden on the deficit impact of IRA Medicare provisions
Just as he’s done on the campaign trail, Biden touted his administration’s efforts to reduce the burden of prescription drug costs. In his address, he also pointed out the savings for taxpayers.
“That’s not just saving seniors money, it’s saving taxpayers money,” Biden said, referring to the Inflation Reduction Act, which contained several measures to reduce drug prices. “We cut the federal deficit by $160 billion.”
Facts First: It’s true that two of the main drug price provisions in the Inflation Reduction Act, which Democrats pushed through Congress in 2022, are expected to reduce the deficit by $160 billion, according to the nonpartisan Congressional Budget Office. In total, the law’s drug measures are expected to reduce the deficit by $237 billion, though delaying the implementation of a Trump administration drug rebate rule accounts for the difference.
The Inflation Reduction Act authorized Medicare to negotiate the prices of certain costly prescription drugs for the first time. This measure is expected to save $98.5 billion over a decade, according to the CBO. Negotiations for the initial 10 drugs are underway. The final prices will be made public by September and take effect in 2026.
The law also requires drugmakers to pay a rebate to the federal government if they raise the prices of certain medications faster than the rate of inflation. This is expected to save $63.2 billion over a decade, according to the CBO.
News 
Market Data 
Discover 
