AP’S ASSESSMENT: Misleading. The president doesn’t set the price of drugs. The Biden administration repealed a narrow, Trump-era regulation that sought to lower the cost of insulin at federally funded health centers. The regulation was never implemented and experts say its impact was expected to be limited.
THE FACTS: Biden called for capping the cost of insulin during his State of the Union address.
Referring to a 13-year-old with diabetes who was present for the remarks, Biden said: “For Joshua, and for the 200,000 other young people with Type 1 diabetes, let’s cap the cost of insulin at $35 a month so everyone can afford it.”
https://apnews.com/article/fact-checking-845638742817