House Passes Bill To Cap the Cost of Insulin at $35 a Month

House Passes Bill To Cap the Cost of Insulin at $35 a Month

House Passes Bill To Cap , the Cost of Insulin at $35 a Month.

NBC News reports that on March 31, the House passed legislation to keep insulin more affordable for diabetes patients in the U.S. Under the Affordable Insulin Now Act, a 30-day supply of insulin would cost no more than $35 under private health insurance.

Rep.

Dan Kildee, one of the bill's sponsors, knows firsthand how expensive insulin can be.

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As a father of a Type 1 diabetic, I have seen firsthand how the high price of prescription drugs like insulin can harm patients and harm families.

, Rep.

Dan Kildee, via statement, as reported by NBC News.

When my daughter turned 26 and got her own health insurance, there were months where she spent a third of her take home pay — because she’s diabetic — on staying alive, Rep.

Dan Kildee, via statement, as reported by NBC News.

But nation trade association AHIP says the lower price for consumers merely passes the cost to insurers and employers instead of lowering the overall price of the drug.

While health insurance providers work to reduce insulin costs, this policy unfortunately does nothing to lower the price of insulin but simply shifts costs to others through higher insurance premiums and copays, AHIP, via statement, as reported by NBC News.

The bill now heads to the Senate for a vote, where Raphael Warnock introduced similar legislation in February.

The bill now heads to the Senate for a vote, where Raphael Warnock introduced similar legislation in February