On Friday, Gov. J.B. Pritzker of Illinois signed a law that will cap out-of-pocket insulin costs at $100 for a 30-day supply. This is great news for folks with diabetes, as insulin prices have been skyrocketing not just in Illinois but across the country.
“Health care is a right for all, not a privilege and that is why I am so proud that we created an insulin price cap that successfully puts patients above profit,” Pritzker said in a press release. “As we work to address the high cost of prescription drug prices that are burdening millions all across our state, this new law is an essential step in fulfilling our promise to put state government back on the side of working families.”
Health care is a right for all, not a privilege. That is why I signed legislation which will cap out of pocket insulin costs at $100 for a 30-day supply. pic.twitter.com/c9DO5pOmyx— Governor JB Pritzker (@GovPritzker) January 24, 2020
Bill SB 667 is expected to affect about 1.3 million people in the state who have diabetes and is a significant step in lowering healthcare costs for families. Previously, Pritzker’s office said that insulin brands that once sold for $40 in 2001 now sell for $289.
The law will go in to effect in January 2021.
Insulin prices have been rising across the country—and patients are actually dying because they are trying to ration or forgo a life-saving medication they cannot afford. It’s another symptom of a broken healthcare system that needs a serious overhaul. But at least one state is moving towards trying to find a solution to the problem.