Colorado Becomes First State To Cap Insulin Costs

[Michael Arent]

FYI. 

Colorado Becomes First State To Cap Insulin Costs https://www.yahoo.com/huffpost/colorado-diabetics-insulin-price-cap-170616356.html?soc_src=community&soc_trk=ma

Cheers!

M i c h a e l  A r e n t

Counter Culture Labs

[Nicole Foti]

Unfortunately, the law caps out-of-pocket costs for insured individuals only, omitting those who are uninsured and bear the greatest cost of insulin and supplies. 

A move forward certainly, but like other recent price curbing initiatives (e.g. Cigna $25 per month cap program and Eli Lilly’s half price insulin), it does little to address the problem for the most economically vulnerable.  

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[M.K. S]

Agreed that it is unfortunate. However, it is a start, a step in the right direction :) Cheers, INDEED !! :) :)

[M.K. S]

https://makeinsulinaffordable.org/healio-endocrine-today-sandoz-gan-lee-enter-agreement-to-market-insulin-biosimilars/

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Country

OVER

Party.

[Noel Carrascal]

I do not find this legislative solution to a market problem viable. Usually, markets adjust fast and make the legislation moot, or someone else ends up paying (subsidizing) for others, which is the problem we are having right now.

The good news is that rebates to insurers by pharmacy benefit manager will probably be banned by this administration, and that is a more practical solution to the problem. 

An expert told me that the excessive cost of insulin helps lower insurance cost for healthy people, or increase profit margins by health insurance companies by about ~1%.

And there is data that indicates that some people with type II diabetes cut down on insulin because of this.

Also, open insulin would be more viable since the pharmacy benefit managers would likely not sell, or give rebates, on a less expensive version of insulin. 

I think banning rebates is a step forward, but, again, do not underestimate powerful lobbying groups that can make this change in regulation a moot point.

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[Anthony Di Franco]

It's rare for costs for someone with insurance to exceed around $100 per month anyway… would happen in cases such as one's preferred brand of insulin not being covered on the best tier. With your clarification, it's clear this is an extremely narrow change.

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[Helena Majgier]

Hi All

Do not give up your development. There will be many tricks.

Your Insulin will be needed.

Best,

Helena M-B.

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