Bill would cap monthly insulin costs in Nebraska to $100

LINCOLN, Neb. (AP) — A invoice launched within the Nebraska Legislature would take a web page from another states and the federal authorities by capping the month-to-month value of insulin within the state.

The invoice launched Friday by state Sen. Tom Briese, of Albion, would cap the insulin prices of these privately insured in Nebraska to $100 per 30 days. Comparable caps starting from $100 a month to as little as $25 a month have been handed in various different states, together with Connecticut, Colorado and Illinois.

This month, Medicare recipients will see their insulin prices capped at $35 per 30 days as a part of the Inflation Discount Act signed into legislation final yr. The cap is estimated to decrease prices for practically 2 million individuals on Medicare who at the moment pay a mean of $572 yearly out-of-pocket for insulin, based on an evaluation by the Kaiser Household Basis.

Briese’s invoice would take impact on the primary day of 2024. The invoice additionally states that nothing within the measure would forestall a coverage, contract or plan from lowering that cap to an quantity lower than $100.