The White House has announced a plan to cap insulin costs at $35 a month for senior Medicare enrollees
Senior beneficiaries will have access to the new benefit through Medicare Part D prescription drug plans and Medicare Advantage plans. "That results in approximately a 66% or two-thirds reduction in out-of-pocket costs," White House counselor Kellyanne Conway said during the call. President Donald Trump is expected to unveil details about this new Medicare benefit during a Rose Garden news conference on Tuesday.
Virginia, Illinois and Colorado have passed bills setting payment caps on the drug, with Tennessee lawmakers considering a similar bill. Insulin costs between $2.28 and $3.42 for drug makers to manufacture, yet many people with diabetes pay hundreds of dollars for the lifesaving drug.
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