Illinois Governor Signs Law Capping Insulin Cost At $100 Per Month
Gov. J.B. Pritzker of Illinois made news on Friday when signing a law that would limit how much a 30 day supply of insulin would cost at $100. For those who suffer with diabetes, the rising prices of insulin have been a problem but in Illinois, it may just be easier to take care of your health needs.
“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
It is thought that Bill SB 667 could affect as many as 1.3 million people in Illinois with diabetes. It’s also a step toward helping families with lower healthcare costs. Pritzker’s office said some insulin brands that sold for $40 in 2001 are now selling for $289.
The law will be effective as of January 2021.
It is not only in Illinois where insulin prices have been taking a bite out of budgets, but it is also a problem across the country. Some people are even dying because they are trying to ration their medication or avoiding taking medication because they can no longer afford it. Although we still have a long way to go, it seems as if Illinois is on the right track to finding a solution that would benefit everyone.