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The Affordable Insulin Now Act is a bill in the United States Congress intended to cap out-of-pocket insulin prices under private health insurance and Medicare at no more than $35 per month. [ 1 ] The bill was first introduced on February 25, 2022, by Representative Angie Craig ( D - MN ). [ 2 ]
Insulin is displayed at Pucci’s Pharmacy in Sacramento, Calif., July 8, 2022. The recent passage of legislation that would limit the cost of insulin for Medicare patients has renewed hope for ...
More than 50% of insulin users with employer-based insurance spent over $35 out-of-pocket on average for a 30-day supply of insulin in 2019 and 2020, according to the Health Care Cost Institute, a ...
Story at a glance Congress failed to pass a proposal that would have capped out-of-pocket insulin costs at $35 a month for people not covered by Medicare. More than 34 million Americans have ...
The bill also mandates the HHS to cut administrative costs related to healthcare in half over a 10-year period, including costs in Medicare, Medicaid, and private insurance. The HHS would be required to start a grant program so states can establish commissions to target unnecessary administrative costs as well.
The law contains provisions that cap insulin costs at $35/month and will cap out-of-pocket drug costs at $2,000 for people on Medicare, among other provisions. [39] [43] [44] The law also extends Affordable Care Act health insurance exchange subsidies, preventing people making above four times the poverty line from ineligibility for the exchanges.
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