Affordable Insulin Now Act
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| Long title | An Act to amend title XXVII of the Public Health Service Act, the Internal Revenue Code of 1986, and the Employee Retirement Income Security Act of 1974 to establish requirements with respect to cost-sharing for certain insulin products, and for other purposes. |
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| Announced in | the 117th United States Congress |
| Number of co-sponsors | 28 |
| Legislative history | |
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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] On March 31, 2022, the bill passed the House of Representatives, 232–193.[3][4][5]
A version of the bill contained in the Inflation Reduction Act (IRA) for private health insurance was blocked by Senate Republicans on August 8, 2022.[6][7] However, the inflation reduction legislation did cap out-of-pocket insulin cost at $35 per monthly prescription for the following:[8]
- Medicare Part D enrollees, which was legislated at effective on January 1, 2023.
- Medicare Part B enrollees, which was effective starting on July 1, 2023.
References
[edit]- ^ "Sen. King advocates for bill to cap insulin cost". newscentermaine.com. March 23, 2022. Retrieved 2022-03-30.
- ^ Craig, Angie (2022-02-25). "H.R.6833 - 117th Congress (2021-2022): Affordable Insulin Now Act". www.congress.gov. Retrieved 2022-03-30.
- ^ "Affordable Insulin Now Act could lower insulin cost to $35". 10tv.com. March 31, 2022. Retrieved 2022-04-01.
- ^ Washington, U. S. Capitol Room H154; p:225-7000, DC 20515-6601 (2022-03-31). "Roll Call 102 Roll Call 102, Bill Number: H. R. 6833, 117th Congress, 2nd Session". Office of the Clerk, U.S. House of Representatives. Retrieved 2022-04-01.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "Insulin Gets Step Closer to $35 Cap as House Passes Measures". MSN. 31 March 2022. Retrieved 2022-04-01.
- ^ Quinn, Melissa (2022-08-08). "Senate Republicans block $35 cap on price of insulin from Inflation Reduction Act - CBS News". www.cbsnews.com. Retrieved 2024-02-15.
- ^ Republicans Force Removal of Insulin Cap for Private Insurers - The New York Times (nytimes.com)
- ^ "Insulin Affordability and the Inflation Reduction Act: Medicare Beneficiary Savings by State and Demographics". ASPE. 2023-01-24. Retrieved 2024-10-13.