New Illinois law caps insulin patient costs at $100 monthly
SPRINGFIELD, Ill. - Gov. J.B. Pritzker signed a law Friday capping monthly insulin costs at $100 for people covered by state-regulated commercial health insurance plans.
The Democrat OK'd the legislation which the General Assembly overwhelmingly approved in November after people with diabetes complained about a spike in out-of-pocket insulin costs.
Insulin is necessary for people with diabetes to regulate blood-sugar levels. About 1.3 million people in Illinois have the unpreventable disease.
Lawmakers heard many stories from patients and their advocates about insulin costing as much as $1,000 a month. They said some have to ration insulin while others choose between buying insulin and paying the rent or for their children's needs.
“Diabetes affects people from all walks of life. It doesn't discriminate between those who can afford medication at unconscionable cost, and those who cannot,” Pritzker said at a Springfield bill-signing. “But that hasn't stopped middlemen from sending prices skyward, forcing many insulin users to find their medication by substituting lower quality products or seeking options outside this country, or even rationing their supply and some have died doing so.”
Sponsoring Sen. Andy Manar, a Democrat from Bunker Hill, said U.S. Rep. Lauren Underwood and U.S. Sen. Dick Durbin, both Illinois Democrats, are working on similar legislation that would affect federally regulated insurance companies.