Texas Senate Votes to Cap Insulin Copay at $50
The Texas Senate has approved legislation aimed at lowering the out-of-pocket cost of insulin for Texans with diabetes.
Senate Bill 827 calls for a copay cap of $50 for insulin. Republican Lois Kolkhorst of Brenham authored the bill with an assist from Democrat Cesar Blanco of El Paso. It passed the Texas Senate Thursday, March 25, with all 31 state senators voting in favor.
Forbes reports that insulin prices have been rising for decades. They report that the U.S. represents 15% of the global insulin market but generates nearly 50% of its revenue.
While this is a positive step forward for ensuring diabetes patients in Texas can get the medicine they need to live, Healthline brings up a good point - you should check with your insurance company if this legislation passes the House and becomes law to make sure the new law will apply to you and your plan.
If passed, the insulin copay cap would take effect in Texas starting September 1, 2021.
I have friends that either have type 1 diabetes or have family members that have it.
This will be huge for them with the rising prices for insulin.
14 Texas Eats We Can't Live Without