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  • 2 years ago
Former President Donald Trump claimed credit for lowering insulin prices under President Joe Biden's administration, even though Biden implemented policies like capping insulin costs for Medicare recipients. Trump established a policy to cap insulin costs at $35 per month in his last year in office, which Biden later paused for further review. Later Biden's Inflation Reduction Act implemented a similar cap at $35 per month for Medicare users starting in 2023. Trump spent his presidency unsuccessfully trying to repeal the Affordable Care Act without offering an alternative plan. A CNBC survey in December shows Biden leading Trump by 19 points on health care issues.
Transcript
00:00 It's Benzinga, and here's what's on the block.
00:02 Former President Donald Trump claimed credit for lowering insulin prices under President
00:06 Joe Biden's administration, even though Biden implemented policies like capping insulin costs
00:11 for Medicare recipients. Trump established a policy to cap insulin costs at $35 per month
00:17 in his last year in office, which Biden later paused for further review. Later,
00:21 Biden's Inflation Reduction Act implemented a similar cap at $35 per month for Medicare users
00:27 starting in 2023. Trump spent his presidency unsuccessfully trying to repeal the Affordable
00:32 Care Act without offering an alternative plan. A CNBC survey in December shows Biden leading
00:37 Trump by 19 points on health care issues. For all things money, visit Benzinga.com.
00:42 [BLANK_AUDIO]
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