Donald Trump keeps saying that he's the guy who reduced the price of insulin, not Joe Biden, and he repeated this claim yesterday. What's up with that?
It's a bit like claiming that Henri Poincaré really invented the Theory of Relativity, not that Einstein fellow.¹ It isn't true, but there's a little something there. Here's what Trump did about insulin prices:
- In January 2020 Trump indicated that he wanted CMS to reduce insulin prices under Medicare.
- In March, "under President Trump's leadership," CMS announced a voluntary pilot program that reduced insulin copays to $35.
- In July Trump signed an executive order that reduced insulin copays for certain low-income patients on Medicaid.
- In January 2021 the CMS pilot program for Medicare started.
So that's it. Trump did talk about insulin copays, and he started up a test program with lower copays. But nothing more. It was Joe Biden who permanently lowered insulin copays under the Inflation Reduction Act.
¹Edmund Whittaker published a history of electricity and the aether in 1953 that famously said "Einstein published a paper which set forth the relativity theory of Poincaré and Lorentz with some amplifications."
Now, it's true that the problems of physics in 1905 were very widely known, and it's also true that Poincaré nibbled around the edges of a solution. In a sense, you can say that Einstein merely explained the conceptual premise of empirical facts well known to Poincaré. Needless to say, though, it's those conceptual innovations that were of prime importance.