Lawmakers cap insulin prices

News

SPRINGFIELD, Ill. (WCIA) — Illinois is now the second state to cap insulin prices for state-sponsored health insurance plans.

The new law limits out-of-pocket insulin expenses for anybody on state mandated plans. Starting January 2021, the price for those people will be limited to $100 per month.

Some people were paying thousands of dollars for the life-saving drug, which caused extensive problems for people with a disease that cannot be cured, only treated. However, it was not for lack of trying.

State law kept Senator Andy Manar (D- Bunker Hill) from including more health insurance plans in this bill’s scope. “This bill–now law– is as far as we can go under state law. So, self-insured programs–insurance programs that are not covered– are federally regulated.” For a similar cap to be placed on employer-provided insurance, action would be needed at the federal level. A bill to do just that was introduced in the U.S. House of Representatives last year.

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