“We cut the federal deficit by $160 billion because Medicare will no longer have to pay those exorbitant prices to Big Pharma.”
Joe Biden
president. Claim dated 7 Mar 2024.
PolitiFact rated thisHalf True
What PolitiFact found
The federal government is negotiating the cost of 10 prescription drugs, with new prices becoming effective in 2026.
Their words, from the summary they publish with the rating.
In short
Joe Biden (president) made this claim around 7 March 2024. PolitiFact (United States) looked into it and published its finding on 11 March 2024, 4 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.