Colorado just became the first state to cap the cost of insulin. The price might surprise you

One example of an early plot point in a dystopian movie: People not being able to afford life-saving medications because corporations are gouging prices. But wait! That’s actually a reality in the U.S. One state, thankfully, is working to change this.

While this law doesn’t apply to the entire country (or even all medications), Governor Jared Polis (who is also the first openly gay Governor and first Jewish Governor in the state), a Democrat in Colorado, signed an exciting bill into law that will ensure people with diabetes (who have insurance) have to spend no more than $100 each month on insulin in co-pays. This is, at minimum, an excellent first step. 

Is $100 a lot? In one perspective: Undoubtedly, yes. Compared to what Colorado residents have been paying, as reported by CBS Denver, however, it’s likely to be a relief. CBS Denver reports that people living with diabetes have been paying between $600 and $900 per month in Colorado. This amount is almost beyond comprehension.  

This price cap will take effect in January 2020. Basically, the law caps co-pays on insulin for Colorado residents no matter how much they need. To be clear: It doesn’t actually cap what insulin manufacturers can charge insurers, but insurance companies have to cover the additional cost or differential, as opposed to the patient. It also refers to people with private insurance.

Colorado state Rep. Dylan Roberts introduced the bill. Roberts, a Democrat, lost his younger brother, Murphy Roberts, to type 1 Diabetes, as reported by CBS Denver. When signing the bill, Polis noted that the bill is to honor Murphy’s life, and “of course for the 400,000 Coloradans who live with diabetes.”

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