Students weigh in on bill filed in Texas legislature to cap insulin out-of-pocket costs to $50/month
A bill filed in the Texas House of Representatives would place a price limit on monthly insulin copays for people with diabetes.
Rep. James Talarico, D-Round Rock, filed a bill which will cap the out-of-pocket costs for insulin and some supplies at $50 a month if passed. Talarico, who was diagnosed with diabetes in 2018, said he has struggled ever since to pay the high costs of insulin.
Insulin production prices have remained relatively stable, costing anywhere from about $2 to $3 to produce, but retail rates have risen. In 1999, one vial of insulin lispro cost $21. In 2019, that price had risen by over 1000% to $332, according to the Mayo Clinic.
The amount of insulin needed for each individual depends on factors such as insulin resistance, weight and physical activity. For biochemistry junior Matthew Kenny, one vial of his insulin lasts one to two weeks and costs nearly $300 before insurance. Nearly a decade ago, when doctors first diagnosed him with diabetes, a vial cost $100 before insurance.
Read more: https://thedailytexan.com/2021/04/29/it-probably-wouldnt-take-more-than-48-hours-without-insulin-for-me-to-slip-into-a-coma-students-weigh-in-on-bill-filed-in-texas-legislature-to-cap-insulin-out-of-pocket-c/
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