Colorado Becomes the First State to Cap the Staggering Price of Insulin

(TMU— In a first for the country, Colorado just passed legislation putting a cap on the soaring price of insulin.

This week Colorado Governor Jared Polis signed a bill aimed at stopping pharmaceutical companies from charging obscene amounts for the medication.

More than 30 million Americans have been diagnosed with diabetes. That’s over 9% of the total U.S. population. And 7 million of them require insulin. Currently, diabetics in the U.S. can be charged as much as $1,000 for just one month’s supply of insulin—a cost that leads some to ration its use, leading to further health problems and even death.

According to The Right Care Alliance:

“[M]anufacturers Eli Lilly, Sanofi, and Novo Nordisk mark up the price as much as 5,000 percent and there are seven million Americans with diabetes that have no choice but to pay.

The price is so high that people are doing desperate things to get by, like using expired insulin, relying on crowdfunding to pay their bills, or taking less insulin than they need in an effort to ration their supplies.”

As the The Mind Unleashed previously reported, a group of diabetics from Minnesota struggling to cover the “astronomical prices for insulin,” have been crossing the border into Canada to procure affordable insulin. It’s obvious that Americans are struggling to cover the costs of this life-saving medication.

Thankfully, the right people in Colorado took note of the plight of more than 400,000 Colorado residents and actually decided to do something about it. Thanks to HB19-1216, residents of the state will not have to pay more than $100 per month for insulin.

The bill goes one step further and calls for an investigation of “the pricing of prescription insulin drugs” and a report submitted to the governor by November 2020.

While the new law won’t go into full effect until January 1, 2020, Colorado is being hailed for passing the groundbreaking legislation that, in no uncertain terms, will save lives.

By Emma Fiala / Republished with permission / The Mind Unleashed / Report a typo

This article was chosen for republication based on the interest of our readers. Anti-Media republishes stories from a number of other independent news sources. The views expressed in this article are the author’s own and do not reflect Anti-Media editorial policy.

Stored Safely on Blockchain

This post is published to LBRY blockchain at lbry://@AntiMedia/colorado-first-state-cap-price-insulin.

Try LBRY to experience content freedom, earn crypto, and support The Anti-Media!

Since you’re here…

…We have a small favor to ask. Fewer and fewer people are seeing Anti-Media articles as social media sites crack down on us, and advertising revenues across the board are quickly declining. However, unlike many news organizations, we haven’t put up a paywall because we value open and accessible journalism over profit — but at this point, we’re barely even breaking even. Hopefully, you can see why we need to ask for your help. Anti-Media’s independent journalism and analysis takes substantial time, resources, and effort to produce, but we do it because we believe in our message and hope you do, too.

If everyone who reads our reporting and finds value in it helps fund it, our future can be much more secure. For as little as $1 and a minute of your time, you can support Anti-Media. Thank you. Click here to support us

    6

COMMENTS

1

You must be logged in to post a comment.


  • wethecom

    common law use to say thier are limiations to how much you can charge a person in dire need whats the anarchist or libertarian opinion on this at what point is taking advantage of needy people a crime?