Bill to limit cost of insulin moves forward in Kentucky
Paulo João Lucas
Feb. 14, 2020
A bill to limit the cost of insulin an insured person pays to $100 for a 30-day supply took its first big step forward Thursday in Frankfort.
The House Health and Family Services Committee recommended passage of House Bill 12, which means the measure now goes to the House floor for a vote.
The bill only applies to cost sharing for insured people, but it represents a major move among lawmakers to wrangle skyrocketing health care costs.
"A hundred dollar co-pay is a start, it's a help," said Kaye Peterson, a diabetic who pays $300 each month for a vial of insulin. "Anything in the right direction. I mean, just with this one little vial, if I don't have this, I'd say within 48 hours, I'd be dead."
An analysis of the bill estimates it should increase monthly health insurance premiums in Kentucky by no more than $0.24.
"As far as the answer to who's going to absorb this, these insulin prices are so inflated, there's so many people with their hands in the cookie jar," said Rep. Steve Sheldon, R-Bowling Green. "Insurance companies, PBMs (pharmacy benefit managers), manufacturers, they will find a way to eat that 24 cents for sure."
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