Experts say it only costs drug companies $10 to manufacture the insulin, but some pay hundreds of dollars even with insurance.
Congress could soon send to the president's desk a bill that would cap the cost of the life-saving drug insulin at $35 per month -- a move that could significantly reduce and rein in out-of-pocket drug costs for millions of Americans with diabetes.
Experts say it costs less than $10 a vial to manufacture, yet there are still American families with insuranceCurrently, costs for patients can range from $334 to $1,000 a month for insulin, according to a 2020 Kaiser Family Foundation report. House Majority Leader Steny Hoyer told reporters on Wednesday that it is"inexcusable" people are being charged exorbitant prices for"a lifesaving and life-sustaining drug whose costs [have] not increased and whose research costs have been amortized a very long period of time ago."
Supporters of the bill say it will save lives by making insulin affordable for millions of Americans, many of whom now reduce the amount they take or skip doses, resulting in far more costly visits to emergency rooms and the hospital.
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