ICYMI: NPR: House passes bill to cap insulin prices

The Affordable Insulin Now Act would cap insulin prices at either $35 a month or 25% of an insurance plan’s negotiated price — whichever is lower

In Case You Missed It – The House voted Thursday to limit the cost-sharing for insulin under private health insurance and Medicare. The vote was 232-193, with only 12 Republican members joining their Democratic colleagues to pass the measure. The bill would cap insulin prices at either $35 a month or 25% of an insurance plan’s negotiated price, whichever is cheaper.

Data from the Health Care Cost Institute, an independent nonprofit, shows prices for insulin doubled between 2012 and 2016. This is despite the formula for insulin remaining unchanged.

Read coverage of the bill here.

KEY QUOTES:

  • The Affordable Insulin Now Act would cap insulin prices at either $35 a month or 25% of an insurance plan’s negotiated price — whichever is lower. The legislation aims to take effect in 2023 but its fate in the Senate remains unclear.

  • Advocates of the legislation point to data from the Health Care Cost Institute, an independent nonprofit that studies health care prices, which shows prices for insulin doubled between 2012 and 2016.

  • One in four Americans is forced to skip or ration doses of insulin and that’s life-threatening,” [Speaker Pelosi] said, noting the legislation “paves the way” for further action on negotiating lower drug prices beyond insulin.

  • No one should have to choose between taking their medication as prescribed and putting food on the table or a roof over their head,” said Rep. Dan Kildee, one of three Democratic lawmakers who sponsored the legislation.

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