Seems as though we’ve been hearing about it forever, but it looks like capping insulin at $35/month is about to become true for people on Medicare. The Democrats budget reconciliation package passed the Senate and is off to the Democratic-controlled House for approval.
The bill empowers Medicare to negotiate prices for certain costly medications including insulin. The bill also redesigns Medicare’s Part D drug plans so seniors wouldn’t pay more than $2,000/year for medications bought at the pharmacy. For more details, check here.
Unfortunately, although Democrats put into the bill a cap on insulin at $35/month for those on private insurance as well, Republicans took it out of the bill. For more details on the bill, you can take a look at “What’s in the Manchin-Schumer deal on climate, health care and taxes.”
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