McNeill reintroduces bill to cap soaring insulin prices

HARRISBURG, March 20 – State Rep. Jeanne McNeill has reintroduced legislation which would cap the out-of-pocket insulin costs for patients at $35 a month.

“For far too long the prices of insulin have skyrocketed leading to people to have to decide between the medicine and paying bills or putting food on their table or taking a deadly chance by rationing their insulin,” said McNeill, D-Lehigh. “This bill would reduce the financial burden on those who rely on insulin and ease the unfair stress of choosing between medicine and everyday essentials.”

Under McNeill’s legislation, a $35 cap would be established on insulin for each 30-day supply, regardless of the amount or type of insulin required to fill the individual’s prescription.

Added McNeill, “We have already seen the three top insulin makers recently make the decision to drop their prices and now this bill would ensure all insulin is made to be an affordable, life-saving drug for the millions who need it.”

McNeill said 21 states, including New York, Maryland, Texas and Oklahoma have passed similar insulin co-pay limits.

House Bill 534 has been referred to the PA House Insurance Committee for consideration.