US Senators Propose Bill to Cap Insulin Costs for Every Patient
April 6, 2023
US Senators Raphael Warnock (D-GA) and John Kennedy (R-LA) have advanced a new bill that would lock the max price of insulin at $35 a month for all patients. The bill, entitled the Affordable Insulin Now Act of 2023, comes after manufacturers have voluntarily lowered insulin prices following price caps for Medicare patients in the Inflation Reduction Act.
According to Christine Blank, “Medical costs and lost work and wages for people with diagnosed diabetes total $327 billion yearly, according to the CDC, and the American Diabetes Association has asserted that diabetics account for $1 of every $4 spent on healthcare in the United States. In addition, a national study projected that improving access to insulin for uninsured patients could help avoid complications of diabetes and deaths related to the disease.”
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(Source: Medical Economics, April 5th, 2023)
