Loading...

Sens. Shaheen and Collins Move to Cap Insulin Costs 

June 22, 2022 by Alexa Hornbeck
A patient holds a vial of insulin during a news conference outside the Olde Walkerville Pharmacy, July 28, 2019, in Windsor, Canada. (AP Photo/Carlos Osorio, File)

Sens. Jeanne Shaheen, D-N.H., and Susan Collins, R-Maine, moved Wednesday to cap the monthly price of insulin at $35 for those privately insured and those on Medicare, as outlined in this discussion draft.

Shaheen and Collins serve as co-chairs of the Diabetes Caucus. They previously led the Insulin Price Reduction Act to hold pharmaceutical companies, pharmacy benefit managers and insurers throughout the insulin supply chain accountable for surging insulin costs by incentivizing reductions in list prices. 

More than 37 million Americans live with diabetes, which can lead to vision problems, nerve damage, kidney failure and death. 

It is also the most expensive chronic condition in the country, costing a total of $327 billion per year, with one out of every three Medicare dollars going towards treating people with diabetes, according to a release from Shaheen and Collins.

Medical costs for Americans with diabetes are also more than double those incurred by individuals without diabetes. 

Between 2012 and 2016, the average list price of insulin nearly doubled. According to data from the Health Care Cost Institute, the price of an average 40-day supply of insulin rose from $344 in 2012 to $666 in 2016.

Another insulin price cap bill was passed by the House in March, and the proposal from Shaheen and Collins is expected to be voted on in the Senate.

Alexa can be reached at alexa@thewellnews.com

In The News

Health

Voting

Health

August 18, 2022
by Dan McCue
Columbia University Study Reveals New Causes of Common Lymphoma

NEW YORK — Cancer researchers at Columbia University in New York have found a multitude of new genetic mutations that... Read More

NEW YORK — Cancer researchers at Columbia University in New York have found a multitude of new genetic mutations that cause a common type of lymphoma. “Our findings not only show that these mutations can contribute to diffuse large B cell lymphoma, but they identify an... Read More

August 17, 2022
by Dan McCue
CDC Director Calls for Agency Reorganization After External Review

ATLANTA — Dr. Rochelle Walensky, the director of the Centers for Disease Control and Prevention, is calling for a dramatic... Read More

ATLANTA — Dr. Rochelle Walensky, the director of the Centers for Disease Control and Prevention, is calling for a dramatic reorganization of the agency in the wake of an external review of the agency’s handling of the coronavirus pandemic. In a meeting with senior staff, Walensky... Read More

Planned Parenthood to Spend Record $50M in Midterm Elections

WASHINGTON (AP) — Planned Parenthood, the nation's leading reproductive health care provider and abortion rights advocacy organization, plans to spend... Read More

WASHINGTON (AP) — Planned Parenthood, the nation's leading reproductive health care provider and abortion rights advocacy organization, plans to spend a record $50 million ahead of November's midterm elections, pouring money into contests where access to abortion will be on the ballot. The effort, which breaks the... Read More

August 16, 2022
by TWN Staff
Monoclonal Antibody Reduces Asthma Attacks in Urban Youth

WASHINGTON — A monoclonal antibody, mepolizumab, decreased asthma attacks by 27% in Black and Hispanic children and adolescents who have... Read More

WASHINGTON — A monoclonal antibody, mepolizumab, decreased asthma attacks by 27% in Black and Hispanic children and adolescents who have a form of severe asthma, are prone to asthma attacks and live in low-income urban neighborhoods, a National Institutes of Health clinical trial has found.  The... Read More

August 16, 2022
by TWN Staff
WHO Releases Updated Guidance on Planning for Tuberculosis

GENEVA, Switzerland — The World Health Organization released a new guidance on Tuesday to support national strategic planning for the... Read More

GENEVA, Switzerland — The World Health Organization released a new guidance on Tuesday to support national strategic planning for the tuberculosis response. The guidance encourages the use of a people-centric focus in the development of a national TB strategic plan. It also highlights the importance of... Read More

August 16, 2022
by TWN Staff
Baylor Receives Grant to Study Liver Cancer Risk and Prevention

HOUSTON — Researchers at Baylor College of Medicine received a five-year, $5.5 million-plus grant from the National Cancer Institute for... Read More

HOUSTON — Researchers at Baylor College of Medicine received a five-year, $5.5 million-plus grant from the National Cancer Institute for research on liver cancer risk factors and prevention, with the goal of reducing the burden of liver cancer in patients with metabolic dysfunction. “The population of... Read More

News From The Well