Colorado Makes National Headlines for Insulin Caps


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.

 

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  1. MADCO says:

    This is HUGE.
    And a great start.  It's can't be the endgame- but it's a good start.

    • kwtreemamajama55 says:

      Uninsured insulin users, or those whose policies don't cover insulin,  still have to decide whether to die or be poor.  ($100 mo or $1200 year minimum). It is a start, and a good start, as MADCO wrote.

      Expanding ColoradoCare is one option – I'm shickled titless that I'm getting a decent Kaiser policy for ~ $130 / mo.

      It's my taxes that I've paid all these years that I'm getting a little rebate on, so hold the "No Free Stuff!" torches and pitchforks this time.

  2. Arvadonian1Arvadonian1 says:

    Amazing things can get done when you have Democrat Governor working with a Democrat Legislature….

  3. Blackie says:

    I am an insulin user, (both metformin and a weekly injection).

    Niether should be costing what is being paid for them. The metformin is somewhat reasonable, the injection pens are outrageous. Those cost me $2300 per prescription for 12 pens. Made by AstraZeneca, the cost to manufacture is about $2.00 to $2.30 each.  Or about $30.00  

    There is a bit of difference between $30.00 and $2300. 

    • VoyageurVoyageur says:

      1.  Metformin is absolutely not insulin.  It works on an entirely different principle by reducing the insulin resistence that causes type two diabetes in the first place.  Metformin is very cheap..

      insulin used to be cheap.  I get mine through Kaiser and it is still reasonable.  About five years ago I ran out in Boston and bought a bottle for $30 .  Last year in Michigan I ran out again and it cost $150!  

      the ripoff of insulin users by greedhead companys would be best addressed by hanging a couple thousand bigbpharma executives from lamp posts, to encourage the others.  But if you have a good insurance provider, like Kaiser, they use their buying power to get good prices.  I usually pay about $14 a bottle copay on kaiser.  (I am on medicare/advantage plan.

      If I were you, blackie, a new health care provider I would get.

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