S. 146IntroducedHEALTH
Cap Insulin Prices Act
Digestive and metabolic diseases · Drug therapy · Employee benefits and pensions
Key facts
Introduced: Jan 30, 2023
Chamber: Senate
Cosponsors: 1
Congress: 118th
Latest action · Jun 12, 2024
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-558.
Summary
Cap Insulin Prices Act
This bill reduces cost-sharing for insulin under private health insurance and the Medicare prescription drug benefit.
Specifically, the bill caps cost-sharing under private health insurance for a month's supply of selected insulin products at $25 or 25% of a plan's negotiated price (after any price concessions), whichever is less, beginning in 2024.
The bill caps cost-sharing under the Medicare prescription drug benefit for a month's supply insulin products at $25 beginning in 2024. The current cap on insulin products under Medicare is $35 per month.
Summary by Congressional Research Service.
Timeline
- Jun 12, 2024Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-558.
- Jan 30, 2023Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- Jan 30, 2023Introduced in Senate
Cosponsors
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