Fact Check: President Biden’s 2023 State of the Union Address

Claim: “Outside Columbus, Ohio, Intel is building a semiconductor factory on 1,000 acres (literally a dream field). When the factory is complete it will employ 3,000 people – they call them factories.It’s a job that pays an average of $130,000 a year and many don’t require a college degree.

fact check: likely to be true

detail: announced by Intel statement In January, the company announced it would invest more than $20 billion in building a new chip plant in Ohio. The chipmaker said the factory will create “his 3,000 Intel jobs and his 7,000 construction jobs during the construction process.”columbus dispatch Quote Intel said in a news report that the average wage at the factory will be $135,000.

Dispatch said Intel didn’t provide a breakdown of jobs, but cited a Bureau of Labor Statistics model that projected 1,441 jobs and the types of workers that could fill those jobs at factories. ing. “[M]More than half, including engineers, assemblers, supervisors and machinists, only need a high school degree,” Dispatch said of the model’s estimates.

Claim: “We’re finally giving Medicare the power to negotiate drug prices. Bringing down prescription drug costs doesn’t just save seniors money: it cuts the federal deficit, by billions of dollars, by hundreds of billions of dollars because these prescription drugs are drugs purchased by Medicare to keep their commitment to the seniors.”

Fact Check: True

Details: President Biden is referring to the impact of the Inflation Reduction Act of 2022, which he signed in August 2022. It includes provisions that requires the federal government to negotiate prices for higher-cost prescription drugs under Medicare, institutes a yearly cap for out-of-pocket prescription drug costs in Medicare and continues to lower health insurance premiums on state-based marketplaces. It also requires drug companies that raise prices in excess of the inflation rate to pay rebates to Medicare. 

Notably, it limits cost-sharing for insulin, so that Medicare recipients pay no more than $35 per month. This impacts not just seniors, but roughly 3.3 million Medicare Part D enrollees who need insulin. 

According to the Congressional Budget Office, the law overall, which includes these prescription drug provisions, would reduce the deficit by $237 billion from 2022 through 2031. 

Claim: “Nearly 25% of the entire national debt, that took 200 years to accumulate, was added by [the Trump] Management is the only last thing. “

fact check: Indeed, there are warnings that the coronavirus pandemic has hit during the presidency of Donald Trump

detail: The current national debt is about $31.4 trillion dollar. According to numbers tracked by Ministry of Financethe national debt increased by about $7.8 trillion in the four years Trump was president, representing 24.8% of the total national debt.

However, most $4 trillion One of these liabilities was added to combat the COVID-19 pandemic.

Claim: “Big oil just reported its record profits. Last year they made $200 billion in the midst of a global energy crisis.”

Fact check: Seems to be true, although companies were not identified.

Details: Global oil companies have rebounded since the pandemic to post their highest ever profits since people started using petroleum. Chevron, ConocoPhillips, Exxon and Shell all reported record profits in 2022 — a year in which Russia’s war on Ukraine collided with the post-pandemic economic recovery to drive oil prices to their highest levels in history. 

President Biden did not identify the oil companies by name, but according to press releases and financial reports released by major oil companies, their net profits, listed below, show profits totaling over $200 billion. 

By Willie James Inman and Irina Ivanova

Claim: “We’ve already created — [with] Your help — 800,000 high-paying manufacturing jobs, the fastest growth in 40 years. “

Fact check: truth

detail: data from U.S. Bureau of Labor Statistics (BLS) showed that when President Biden took office in January 2021, there were about 12,196,000 manufacturing employees in the manufacturing sector.

Preliminary data from the BLS shows that there will be about 12,999,000 manufacturing workers as of January 2023, an increase of about 800,000.

Claim: “One in 10 Americans has diabetes. You in this room, and many in the audience, have diabetes. But every day, millions of people literally stay alive with their diabetes under control.” Insulin has been around for over 100 years, and the man who invented it didn’t even patent it because he wanted it to be available to everyone. It costs about $10 per vial to make that insulin.

fact check: truth

detail: according to Centers for Disease Control and Preventionn National Diabetes Statistics Report“37.3 million Americans — about 1 in 10 — have diabetes.”

More precisely, as of June 2022, 11.3% of the US adult population will have diabetes. Nationwide, approximately 28.7 million people are diagnosed with diabetes, and 8.5 million are undiagnosed.

Insulin, a hormone used to treat diabetes in certain patients, was first discovered more than 100 years ago in 1922, “providing a major breakthrough in medicine and treatment for people with diabetes,” the journal said. ing. National Institutes of Health.

And while there is no conclusive data on the exact cost of manufacturing life-saving vials, Severall news article Read the 2018 peer-reviewed article on BMJ Global Health Some experts indicate it could be a little higher, but they estimate the cost per vial to be around $10. It is clear that insulin costs far less than what some pharmaceutical companies have charged in the past.