The Senate is zeroing in on legislation to lower the cost of the insulin — a lifeline for millions with diabetes.
The drug costs eight times more in the U.S. than 32 other high-income nations, according to a 2020 study commissioned by the Health and Human Services Department. A $35 monthly price cap would help many diabetics.capping out-of-pocket insulin costs — a narrow sliver of President Biden's stalled Build Back Better package — might be the only way for Democrats to show they're capable of passing something on prescription drug prices before this fall's midterms.
Their legislation will be based on a 2019 bill the two introduced targeting the middlemen between health insurance companies and pharmacies, Collins told Axios. Senate Minority Whip John Thune told Axios there's "an interest in doing everything we can to bring drug prices down."
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