Article originally appeared on www.dailysignal.com.
During his State of the Union address, President Joe Biden made several notable claims. The Daily Signal team checked them out to see if the facts add up—or if some crucial context was missing.
1. Inflation Reduction Act and Health Care Costs
Biden touted the $740 billion spending bill Democrats dubbed the Inflation Reduction Act, claiming during his State of the Union address Tuesday night that the new law will decrease health care costs.
“With the Inflation Reduction Act that I signed into law, we’re taking on powerful interests to bring your health care costs down so you can sleep better at night,” the president said. “You know, we pay more for prescription drugs than any major country on Earth.”
Biden said big pharmaceutical companies could no longer make record profits by hiking up prices.
“This law also caps out-of-pocket …
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