May 23, 2019 02:52 PM UTC

Colorado Makes National Headlines for Insulin Caps

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• by: Colorado Pols

As CNN reports today:

The skyrocketing prices of insulin are a nationwide issue and Colorado has become the first state to pass legislation that tackles the problem.

Colorado Gov. Jared Polis signed a bill into law Wednesday that places a $100 per month cap on insulin co-pays, regardless of how much insulin a patient uses. Insurance companies will pay anything more than the $100 co-pay, according to the new law.

The law also enlists the Colorado attorney general to investigate the rising prices of insulin in the state and to make recommendations back to the legislature.

“Today we will finally declare that the days of insulin price gouging are over in Colorado,” Gov. Polis said before signing the bill on Wednesday.

As CBS4 Denver notes, many Coloradans were paying as much as $900 per month for insulin medication.