Insulin will cost less for diabetics in Colorado after the state passed a bill putting a $100 cap on co-pays for the drug that regulates blood sugar. gov. jared polis signed the bill into law.
DENVER (AP) – People with diabetes in Colorado won’t have pay more than $100 a month for insulin under a new law. Gov. Jared Polis signed legislation Wednesday that caps insurance co-payments on.
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Maximum costs of insulin can be upward of $1,000 under cost-sharing health plans. The new law specifically puts the cap on insulin co-pays at $100. The amount will be enforced no matter the amount of insulin a patient uses, appealing to both Type 1 and Type 2 diabetes patients.
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DENVER | People with diabetes in Colorado won’t have pay more than $100 a month for insulin under a new law. Gov. Jared Polis signed legislation Wednesday that caps insurance co-payments on insulin no matter the type of insulin. KCNC-TV reported that the Democrat declared that the days of insulin price gauging are over in Colorado at [.]
HB19-1216, signed Wednesday, caps the total co-pay that patients will pay for insulin to $100 per monthly supply. That’s regardless of how much insulin is being dispensed, according to Colorado.
A new Colorado law will ensure that those living with diabetes will spend no more than $100 per month on insulin, making it the first state to limit the cost of an increasingly expensive medication millions of Americans rely on. More than 30 million Americans have diabetes, and some 7.4 million of.
A new law in Colorado, signed in May, caps the price of insulin for insured patients at $100 a month. Now, other states may follow. Under the Colorado law, insurers are expected to absorb the extra.
The new law caps copayments of insulin to $100 a month. The fox31 problem solvers have been following this issue for years, with insulin prices increasing by more than 200 percent recently.