Daily News | Medicare insulin cap: How much will people with diabetes in Pa, NJ save?
. The legislation also allowed Medicare to begin negotiating prices for a small number of high-use medications and capped the total amount people with Medicare can pay for prescription drugs.
Insulin, in particular, has been a focus among drug price critics. The Centers for Disease Control and Prevention consider diabetes one of the most costly chronic health conditions, both because of insulin’s price and the expensive complications patients experience when they can’t afford the medication needed to properly manage their disease.
About 17% of people with diabetes reported rationing their medication or even skipping doses in 2019, according to aPeople with diabetes, a condition in which the body doesn’t produce its own insulin or doesn’t regulate it properly, rely on insulin produced by pharmaceutical companies to regulate their blood sugar.
Other Medicare cost control measures in the Inflation Reduction Act may offer some relief to people with other chronic conditions that are expensive to manage: Beginning in 2025, out-of-pocket spending for prescription drugs will be capped at $2,000 for people with Medicare Part D.
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