Biden said Medicare drug price negotiations cut the deficit by $160B. That’s years away.

We cut the federal deficit by $160 billion because Medicare will no longer have to pay those exorbitant prices to Big Pharma. — President Joe Biden in his State of the Union address, March 7, 2024

President Joe Biden has been making his case for reelection to voters by telling them he is good for their pocketbooks, including at the pharmacy counter.