Colorado Bill Capping Insulin Costs Signed
Insulin costs have gotten so out of hand some insulin users are having to ration their medicine.
Governor Jared Polis signed into law a bill that will put a cap on the cost of insulin at $100. House Bill 1216 is designed to keep costs at an amount that is at least more affordable than it has been.
In 1996, a vial of insulin cost $21, but would cost up to $400 today. This bill will reduce that burden for type 1 diabetes sufferers in Colorado. With over 400,000 diabetics in Colorado, that's great news for a lot of people.
The bill, while setting a price cap, has other parts to it as well. It also allows the Attorney General to look into the pricing of the drug as well as the manufacturer and pharmacies that offer it to make sure they are abiding by the law.
While it's not perfect, it addressed a huge issue for Coloradans who suffer from diabetes.