Biden’s Insulin Price Cap: Trump Asserts Influence
TL/DR –
Former President Donald Trump claimed that low insulin prices were due to his administration, not President Joe Biden’s, despite the fact that the prices have dropped under Biden’s tenure. Trump’s comments come as health care becomes a significant issue in the upcoming election, with Biden holding an 11-point lead over Trump on providing affordable health insurance. Biden had capped the price of insulin at $35 per month for Medicare recipients under the Inflation Reduction Act, and Trump had implemented a similar price cap during his administration, which Biden paused for review when he took office.
Trump Recognizes Lower Insulin Prices Under Biden, but Seeks Credit
Ex-President Donald Trump recognized lower insulin prices under current President Joe Biden but insists on claiming the accomplishment for himself in a recent Truth Social post.
Trump’s comments come when he’s trailing Biden on health care, a crucial issue for voters, according to nonpartisan health policy research group KFF‘s May survey.
The upcoming presidential debate on June 27 is anticipated to highlight these issues further. Biden’s Inflation Reduction Act has capped insulin prices at $35 per month for Medicare recipients, with plans to extend this cap universally, which he referenced at his recent State of the Union address.
Meanwhile, Trump issued a similar $35 insulin price cap via an executive order during his term, temporarily paused by Biden for review. However, Trump’s health-care policies have influenced some voters’ perspectives, with a CNBC survey indicating Biden’s 19-point lead over Trump on the issue of health care.
Trump’s consistent attempts to repeal the Affordable Care Act (ACA) without providing an alternative plan have remained a contentious point. The ACA currently provides health insurance to an estimated 45 million Americans, according to White House data. Despite not detailing the specifics, Trump maintains his commitment to replacing Obamacare in his 2024 campaign.
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