Claim: "According to the Congressional Budget Office," the Inflation Reduction Act "will save the federal government $160 billion over the next 10 years because Medicare will be paying less for the prescription drugs they're making available to seniors."
Fact-check: Will Medicare drug law save $160 billion, as Joe Biden says?
Verdict: mostly-true
Organisation: PolitiFact
Author: Louis Jacobson
Date published: 2023-08-31T00:00:00