Insulin Affordability Act Signed

This is a Minnesota news story, published by KFF Health News, that relates primarily to Tim Walz news.

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Alec Smith Insulin Affordability Act

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How Minnesota Figures Into the Presidential Politics of Insulin Prices - KFF Health News

Summary

Nutrition label

82% Informative

The price of a single vial of insulin rose by about 1,200% between 1996 and 2018 .

Minnesota Gov. Tim Walz signed the Alec Smith Insulin Affordability Act in 2020 .

The law was named after a 26-year-old Minnesotan whose 2017 death from rationing insulin became a catalyst for the patient advocates who turned the high cost of insulin into a national political priority.

The CEO of insulin maker Eli Lilly first proposed the voluntary Medicare copay cap Trump announced in 2020 .

Porter said insulin costs have been driven up by insurance companies and pharmacy benefit managers, also known as PBMs, when they pocket the discounts from the list price of drugs that they negotiate with manufacturers.

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semi-formal

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English

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not hateful