Congress could soon send to the president's desk a bill that would cap the cost of the lifesaving drug insulin at $35 per month — a move that could significantly reduce and rein in out-of-pocket drug costs for millions of Americans with diabetes.
In a story first reported by The New York Times, a revolutionary cell transplant helped restore one man's natural ability to create and regulate insulin, offering him a potential new lease on life.Congress could soon send to the president's desk a bill that would cap the cost of the life-saving drug insulin at $35 per month -- a move that could significantly reduce and rein in out-of-pocket drug costs for millions of Americans with diabetes.
Experts say it costs less than $10 a vial to manufacture, yet there are still American families with insuranceRep. Dan Kildee, D-Mich., House Majority Whip James Clyburn, D-S.C., Rep. Angie Craig, D-Minn., and Rep. Lucy McBath, Ga., talk about their support for legislation aimed at capping the price of insulin, at the Capitol in Washington, Thursday, March 31, 2022.
House Majority Leader Steny Hoyer told reporters on Wednesday that it is"inexcusable" people are being charged exorbitant prices for"a lifesaving and life-sustaining drug whose costs [have] not increased and whose research costs have been amortized a very long period of time ago."A pharmacist holds a box of the drug Lantus SoloStar, made by Sanofi Pharmaceutical, at a pharmacy in Provo, Utah, Jan. 9, 2020.
Supporters of the bill say it will save lives by making insulin affordable for millions of Americans, many of whom now reduce the amount they take or skip doses, resulting in far more costly visits to emergency rooms and the hospital.While several states have moved to cap insulin costs, there is currently no federal limit on out-of-pocket spending for insulin.
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House Passes Bill Capping Insulin Costs at $35 a MonthWith broader agenda stalled, Democrats pursue measure on out-of-pocket payments and seek possible compromise with Republicans.
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House votes to cap cost of insulin at $35Experts say it only costs drug companies $10 to manufacture the insulin, but some pay hundreds of dollars even with insurance.
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House passes $35-a-month insulin cap as Dems seek wider billExperts say the legislation would provide significant relief for privately insured patients with skimpier plans and for Medicare enrollees facing rising out-of-pocket costs for insulin.
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House passes bill capping insulin at $35 a month for patients with insuranceThe House of Representatives passed a bill Thursday that caps the monthly cost of insulin at $35 for patients with insurance.
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House passes bill to cap cost of insulin at $35 a month“Americans are paying more than ten times the price of insulin as people in other high-income countries,” said Rep. Frank Pallone Jr. (D-N.J.).
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House passes $35-a-month insulin cap as Dems seek wider billPublic opinion polls have consistently shown support across party lines for congressional action to limit drug costs.
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