The Affordable Insulin Now Act Would Require Insurers to Cap Patient Out-of-Pocket Costs for Insulin at $35 per Month, Significantly Lowering Prices for Nevadans
WASHINGTON, DC – This week, U.S. Senator Jacky Rosen (D-NV) announced her co-sponsorship of the Affordable Insulin Now Act, which would cap the out-of-pocket cost of insulin for Nevadans. The bill would require Medicare and private group and individual health plans to cap patients’ out-of-pocket costs for insulin at $35 per month.
More than 10 percent of adults in Nevada are diagnosed with diabetes. According to one estimate, diabetic patients spend close to $6,000 annually on insulin alone. This bill will help significantly lower expenses for Nevadans who have diabetes and depend on insulin.
Nevada Current: Senators pushing legislation to cap insulin costs
- Nevada Democratic Sens. Catherine Cortez Masto and Jacky Rosen announced Thursday they are supporting the Affordable Insulin Now Act, introduced in February by fellow Democratic Sens. Raphael Warnock of Georgia and Michael Bennet of Colorado, which would limit out-of-pocket costs for the life-saving medication at $35 per month.
- Rosen said by capping costs “Nevadans do not have to choose between taking their medication and paying rent or putting food on the table.”
- “More than 250,000 Nevadans depend on insulin for their health, but the sky-high cost of this life-saving medication creates an enormous financial burden,” she said. “With so many hardworking families struggling to make ends meet and getting squeezed by higher costs, I’m working to lower prescription drug prices and provide some relief.”
- Senators from Nevada, Jacky Rosen and Catherine Cortez Masto have co-sponsored a bill to lower the price of insulin. Now, this is something that President Biden laid out in his State of the Union address.
- The Affordable Insulin Now Act would require insurance companies to cap out-of-pocket expenses for insulin at $35 a month. According to Rosen’s office, more than 10% of adults in Nevada have diabetes. Diabetics spend roughly $6,000 a year on insulin.
- A new bill could lower the cost of insulin across the board, a big help for those with diabetes. The “Affordable Insulin Now Act” was introduced in the Senate, and already has the support of our own senators, Catherine Cortez Masto and Jacky Rosen.
- Nevada’s U.S. Senators Catherine Cortez Masto and Jacky Rosen announcing they are co-sponsoring the Affordable Insulin Now Act.
- The bill would cap the out-of-pocket cost of insulin for all Americans. It would require medicare and group or individual plans to limit the cost to $35 a month.
- [Senator Jacky Rosen] spoke with Abel Garcia earlier about how many local families are struggling to pay for this life-saving drug.
- “Maybe 250,000 families struggle with the affliction of diabetes and so their cost can be up to $6,000 a year for life-saving insulin. So the Affordable Insulin Now Act means we’re going to cap that cost of monthly insulin to $35.”
- Nevada Senators Catherine Cortez Masto and Jacky Rosen are co-sponsoring a bill that would help lower the price of insulin.
- The bill was introduced by Georgia Senator Raphael Warnock. If passed, it would cap the out-of-pocket costs for insulin at $35 per month.