“Insulin for Medicare beneficiaries "was costing 400 bucks a month on average. It now costs $35 a month.”
What PolitiFact found
The Inflation Reduction Act capped the monthly price of insulin at $35 for Medicare enrollees in 2023. Research shows that patients previously paid more than that a month, but not as high as the $400 average Biden cited.
Their words, from the summary they publish with the rating.
In short
Joe Biden (President of the United States) made this claim around 19 March 2024. PolitiFact (United States) looked into it and published its finding on 3 April 2024, 15 days later. Its rating was “Half True”.
Joe Biden has 509 checked claims in this archive. Fact-checking organisations rated 140 of them false or fake, 281 misleading or mixed and 34 true.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.