The high cost of insulin to treat diabetes would be drastically reduced under legislation the US House of Representatives passed on Thursday, in a rare example of drug price reform gaining traction in Congress.
By a vote of 232-193, with few Republicans supporting the measure, the House approved the bill that would cap patients' out-of-pocket costs at $35 a month for their insulin.
"No one should have to ration their insulin to help reduce costs and risk their health and in some cases actually cost them their lives," said Democratic Representative Frank Pallone, who chairs a committee that oversees health policy, during House debate. The Democratic-led effort, if successful, could have far wider ramifications for lowering prescription drug costs - a goal supported by Americans in the run-up to the Nov. 8 congressional elections, according to public opinion polls.
Three companies, Sanofi, Eli Lilly and Co, and Novo Nordisk, have long dominated the US insulin market. The trio own some 90% of the market for insulin, which was invented in the 1920s but continues to rise in cost to consumers.
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