This Is the First State to Cap the Price of Insulin

'The days of insulin price gouging are over in Colorado'
By Rob Quinn,  Newser Staff
Posted May 27, 2019 7:33 AM CDT
Colorado Caps Price of Insulin
A woman with Type 2 diabetes prepares to inject herself with insulin at her home in Las Vegas.   (AP Photo/John Locher)

With the soaring price of insulin forcing some diabetics to ration the drug, Colorado has become the first state to introduce a price cap. The state has introduced a law that caps the price of co-pays for insured patients to $100 a month, USA Today reports. "The days of insulin price gouging are over in Colorado," Gov. Jared Polis told CBS Denver after signing the bill into law last week. The cost of insulin doubled between 2012 and 2016, and the law also requires state Attorney General Phil Weiser to investigate the steep price rises. The bill does not, however, limit what insulin manufacturers can charge insurers and some analysts worry that the insurers will try to recoup the cost another way, the Washington Post reports. (This company has made a big move on insulin pricing.)

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