A Senate deal to cap the cost of insulin at $35 a month for individuals with private insurance and Medicare poses a new test of whether Democrats can make good on campaign pledges to rein in drug costs.
unveiled on Wednesday could be a politically appealing way to limit out-of-pocket costs for more than 37 million Americans with diabetes.The legislation from Sens. Jeanne Shaheen and Susan Collins needs the backing of every Democratic senator and 10 of the chamber's Republicans, who've been critical of drug price caps.
The plan also doesn't guarantee lower list prices for insulin and could instead shift more of the cost to payers, resulting in higher premiums. A spokesperson for America’s Health Insurance Plans says the draft raises serious concerns and could "undermine successful, competitive private-market solutions."Insulin is a tempting target for pricing reforms. Per-unit U.S. prices for the life-saving medication in the U.S.
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