U.S. Senate to vote this spring on lowering insulin prices

[dalton99a]

https://www.reuters.com/world/us/us-senate-vote-this-spring-lowering-insulin-prices-senator-schumer-2022-03-22/

U.S. Senate to vote this spring on lowering insulin prices - Senator Schumer

WASHINGTON, March 22 (Reuters) - U.S. Senate Majority Leader Chuck Schumer said on Tuesday he intends to hold votes this spring on a bill that would cap the cost of insulin, a life-sustaining diabetes drug.

The legislation would place a $35 monthly cap on what patients pay for insulin, Schumer said, and would be paired with another emerging bipartisan plan to drive down the price "in a more comprehensive way, including having the uninsured protected," Schumer told reporters.

The Democratic leader added that he is working to place the legislation on the floor of the full Senate following a recess that ends in late April.

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When inventor Frederick Banting discovered insulin in 1923, he refused to put his name on the patent. He felt it was unethical for a doctor to profit from a discovery that would save lives. Banting’s co-inventors, James Collip and Charles Best, sold the insulin patent to the University of Toronto for a mere $1. They wanted everyone who needed their medication to be able to afford it.

Today, Banting and his colleagues would be spinning in their graves: Their drug, which many of the 30 million Americans with diabetes rely on, has become the poster child for pharmaceutical price gouging.

The cost of the four most popular types of insulin has tripled over the past decade, and the out-of-pocket prescription costs patients now face have doubled. By 2016, the average price per month rose to $450 — and costs continue to rise, so much so that as many as one in four people with diabetes are now skimping on or skipping lifesaving doses.

https://www.vox.com/2019/4/3/18293950/why-is-insulin-so-expensive

[IbogaProject]

1. Within 2 years there will be generic up-to-date insulin

https://www.deseret.com/utah/2022/3/8/22968089/utah-company-plans-to-make-insulin-affordable-health-care-civica-intermountain-healthcare With retail price capped at $30 per 10ml vial and $55 for 5 x 3ml pens. The price gauging with the current insulin has been rough on me as a type 1 diabetic.

[padah513]

2. I hate to say this

But which one is against it, Sinema or Manchin?

[Demovictory9]

3. both probably. i hate them

[dalton99a]

5. +1

[North Shore Chicago]

4. Boggles the mind

to think we have to VOTE for something this no-brainer. USA! USA!