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Joe Biden has capped insulin prices at $35 per month

CNN is reporting that "all three major insulin manufacturers are offering $35/mo caps on out-of-pocket costs." But that's not really true. They aren't "offering" anything. They fought tooth and nail against this but were essentially forced by Joe Biden to cap their prices via rebate provisions of the American Rescue Plan that would otherwise have cost them hundreds of millions of dollars. Credit where it's due, please.

24 thoughts on “Joe Biden has capped insulin prices at $35 per month

    1. Art Eclectic

      This is one of those things that sucks about our current political state. I doubt 90% of Republicans wanted to vote against this but they got strong armed into it because giving Biden a win just simply could not be countenanced.

      This is no way to run a country.

      1. cmayo

        Oh get real.

        I doubt that even 1% of Republicans wanted to vote for it, because it would mean lower profits for exploitative corporations.

    2. jte21

      Jeebus, you're right. Talk about burying a lede (literally almost 20 paragraphs down):

      That’s because the 2021 American Rescue Plan Act made a major change to the rebates that drug manufacturers pay annually to state Medicaid programs – a change that kicked in on January 1.

      Damn, that took some work. And the writer *still* couldn't bring themselves to write "Biden" or "Democrats".

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  1. jte21

    Watch a bunch of diabetic MAGAts go off their insulin just to stick it to Biden. That'll show him!

    ETA: Also, what's the over/under on how long it takes a Congressional Republican who voted against this to claim credit for it during a town hall or something?

  2. lower-case

    the law should have required pharmacies to offer insulin for two prices explicitly by name, the 'biden price' of $35 or the 'trump price' of $300

  3. KawSunflower

    Neither Biden nor Democrsts will ever receive credit unless these things that affect people in such a personal way are repeatedky mentioned publicly over & over not just by tweets but by news items, but in campaign ads. They don't see infrastructure progress in a personal way, especially with the Republicans taking undeserved credit .

    Wonder just how many people in red states have diabetes? And of those, how many have struggled to pay for insulin - or had to reduce their dosage?

    1. jamesepowell

      Right. They need ads like the "Harry and Louise" ads the Republicans used to kill health care reform in the 90s. Instead, with actual people who use insulin instead of actors who pretend to.

  4. pol

    My husband developed insulin-dependent diabetes when he was 16 years old. When we married in the early 1970s, he paid $2.32 a vial at the local Eckerd Pharmacy in Florida. Before he died several years ago, costs were outrageous. Sure wish he could have enjoyed this price cap. So glad Joe got this for others who suffer.

      1. pol

        At that time he passed, he was doing pens. He’d order several months’ worth at a time, and paid about $1500 each time.

  5. Five Parrots in a Shoe

    "in the early 1970s, he paid $2.32 a vial . . . ."

    Assuming it was 1973 and adjusting for inflation, that would be $16.75 today.

    This helps illuminate the insanity of pharmaceutical pricing in the US. The Biden Administration had to fight tooth and claw just to get the price down to merely double the overall inflation rate.

    1. rick_jones

      In the early 1970s it would have been all vial and syringe. Now does anyone even still use vials and syringes, or is it all pumps and pens?

      1. Austin

        The pumps and pens are all proprietary which allowed manufacturers to raise the price whenever they wanted (up until now)… like how printer ink is pretty cheap but the cartridges are proprietary. Good for Dems. But they need to crow about it… nobody appreciates things you do that they don’t know you did.

  6. rick_jones

    Is California still going to produce insulin itself (via partnership)? When I went searching I came across: https://calmatters.org/health/2023/10/gavin-newsom-vetoes-insulin-copay-cap/

    The American Diabetes Association has pushed for insulin copay caps across the country as a way to get some quick relief to diabetics. At least twenty-five states and the District of Columbia have enacted caps on insulin copays, ranging from $25 to $100 a month.

    So the Federal cap isn’t terribly novel.

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