Today, First Focus Campaign for Children sent a letter to Senators Jeanne Shaheen and Susan Collins — authors of the Improving Needed Safeguards for Users of Lifesaving Insulin Now (INSULIN) Act — in support of their legislation.
Excerpt from the letter:
The INSULIN Act is an effective measure to help parents and caregivers afford insulin for their children. The bill limits cost-sharing for insulin users on private health insurance or on Medicare. Cost sharing would become capped at $35 monthly or 25% of a plan’s negotiated price, depending on which is less. The INSULIN Act would ensure that insulin manufacturers reduce their list price by ensuring that insurance plans and pharmacy benefit managers cannot collect rebates, making insulin eligible for cost-sharing protections, and supporting patient access to insulin by ensuring coverage. This is beneficial because it stops companies from overpricing insulin and keeps it affordable for families.