Insulin price cap coming to Georgia following push from local lawmakers
ATLANTA, Ga. (Atlanta News First) - Each day, millions of Americans rely on the hormone insulin to control their diabetes. It’s a life-saving drug and one that has long drawn criticism over its dramatically high cost.
In fact, the U.S. leads the world in highest insulin prices, with shots often costing 4 times as much as in any other country. For more than 14% of Americans who use insulin, the drug’s cost consumes at least 40% of their income.
A recent push from lawmakers and the Biden administration is looking to cap the out-of-pocket cost of insulin at just $35.
In March, the nation’s largest insulin manufacturer, Eli Lilly, announced it would lower the drug’s price by 70%, meeting the $35 cap for most patients.
Senator Jon Ossoff and Department of Health and Human Services Secretary Xavier Becerra held a press conference Monday to inform Georgia Seniors on how to qualify for the $35 monthly cap.
WATCH THE FULL PRESS CONFERENCE:
“No senior in Georgia will pay more than $35 a month for their insulin,” Sen. Ossoff said.
For more information on managing diabetes prescription costs, click here.
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