(ConservativeHub.com) – The US House of Representatives passed the Affordable Insulin Now Act on March 31, imposing a maximum cost limit for insulin. The vote received bipartisan support, passing 232-193. The law will set the cap at $35.
The legislation only targets insurers’ drug pricing and doesn’t prevent drugmakers from setting higher prices, so it won’t help anyone who doesn’t have insurance. Proponents say the proposed law will provide predictable costs for patients and protect against rising out-of-pocket expenses.
— New York Post (@nypost) April 1, 2022
The move is a push from Democrats to pass something positive before the midterm elections. They’re using it as a big part of their platform because Americans generally support reducing medical costs. If lawmakers want the bill to pass the Senate, they must gain the votes of 10 Republicans, which could be challenging. While there are people on both sides of the aisle who would favor more affordable drug prices, they have a hard time agreeing on the best way to go about it.
An insurance industry source told Politico the measure doesn’t target the right people and could lead to higher premium costs. Big Pharma companies set the pricing, but this bill doesn’t touch those corporate giants. Most House Republicans also argued against the bill last week, although twelve members ended up voting with the Democrats in support of the measure.
Do you think this bill would be a step in the right direction?
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