Part 5/12:
Electricity prices, which rose sharply during the Biden administration, are now moving downward as new policies favor energy independence. The President highlighted the success of policies that increased demand for domestic energy, such as expanding fossil fuel production, which resulted in a more affordable and reliable energy grid.
Advancements in Healthcare and Drug Prices
The President touted his administration's landmark accomplishment of reducing drug prices by up to 900%, leveraging negotiations with foreign governments and pharmaceutical companies. He emphasized that Americans are now paying the lowest prices globally for many medications—a stark contrast to the previous era, where prices soared.