Biden Proudly Proclaims Lower Prescription Drug Costs with Legislation

President Biden released a series of tweets describing his pride in “beating” Big Pharma and lowering drug prices for millions of Americans. He touted changes that allow Medicare to negotiate drug prices, sharing a text from a woman thanking him for the changes.

Progressive president

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The president tweeted, “For too long, Americans have paid more for prescription drugs than any major economy. Now, instead of paying whatever the drug company wants to charge, Medicare can negotiate prices. We’re making progress and helping folks like Judith get a little more breathing room.”

Thank you, Biden

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Biden then posted a text from a woman named Judith to his POTUS account that read, “Thank you very much, keep up the good work and best of luck to you and Kamala.” She saved $1,000 a year on her medication under the new legislation.

Historic legislation

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It has been over a year since the president signed the Inflation Reduction Act, a sweeping package that included significant legislation on healthcare, clean energy, and taxes. The bill’s passing was a major win for the president, who then celebrated the Democrats expanding their Senate Majority in the 2022 midterms.

Lower costs

Insulin Prices in America
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The legislation allowed the government to negotiate drug prices with manufacturers, capping the price of insulin at $35 a month for four million Americans aged 65 and over and for other beneficiaries of its Medicare health insurance program.

Democrat leaders join in

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Other prominent Democrats celebrated the anniversary of the Act in similar tweets. Former Speaker Nancy Pelosi tweeted, “Fifteen million Americans are saving an average of $800 per year on health insurance through ACA exchanges. This historic progress was achieved without a single Republican vote. It is because of the vision of President Biden.”

America’s improvements

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Representative Pete Aguliar added, “In its first year, the Inflation Reduction Act has already delivered tangible, life-changing improvements for Americans.”

Trump did it first

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One Trump fan, however, argued Trump had already lowered costs, tweeting, “Joe Biden raised prescription drug costs for millions of Americans when he cheated his way into the White House. He ended Trump’s rules, which had kept drug prices down. Now Biden wants praise for re-doing what Trump did.”

Goodbye IRA

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If he is elected, Trump aims to gut President Joe Biden’s Inflation Reduction Act which provides $563 billion in tax breaks and subsidies for clean energy.

Trump is not a fan

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Trump has criticized the act, labeling it the “biggest tax hike in history,” and his advisors and campaign officials suggest a complete overhaul of climate and energy policies, potentially impacting various government agencies and initiatives supporting clean energy.

Possible withdrawal from Paris Climate Accord

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Furthermore, if reelected, Trump is likely to withdraw from the Paris Climate Accord again, a move he previously made in 2017 but which was reversed by Biden.

The IRA in a nutshell

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The IRA is a landmark for U.S. climate policy, allocating significant funding towards clean energy initiatives. The act offers various tax incentives and credits aimed at encouraging both individuals and businesses to adopt more sustainable practices.

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